YYTH(SH:600096) Zheng Quan Zhi Xing·2025-06-10 09:18Core Viewpoint - Yunnan Yuntianhua Co., Ltd. has completed the cancellation of repurchased shares, reducing its total share capital and enhancing shareholder value through this strategic move [1][2][3]. Share Repurchase Situation - The company has repurchased 11,338,016 shares, accounting for 0.6181% of the total shares before cancellation, resulting in a new total of 1,822,990,731 shares after the cancellation [1][3]. - The repurchase was conducted with a budget of between RMB 1.5 billion and RMB 2 billion, aimed at future employee stock ownership plans or equity incentives, with a completion deadline of four months from the board's approval [1][2]. Approval Process for Share Cancellation - The company has changed the purpose of the repurchased shares from employee stock ownership plans to cancellation and reduction of registered capital, following the necessary legal procedures [2][3]. - A 45-day notice period for creditors was completed without any claims, allowing the company to proceed with the share cancellation [2][3]. Changes in Share Capital Structure - Post-cancellation, the share structure will reflect a total of 1,822,990,731 shares, with no change in the proportion of unrestricted circulating shares [3][4]. Impact of Share Cancellation - The cancellation of shares will not affect the controlling shareholder or actual controller, nor will it have a significant adverse impact on the company's operations, finances, research and development, or future growth [3][4]. - The company's listing status remains unchanged, and there are no detrimental effects on the interests of shareholders, particularly minority shareholders [3][4]. Follow-up Arrangements - The company will complete the necessary business registration and filing procedures in accordance with relevant laws and regulations following the share cancellation [4].