SHUHUA SPORTS(SH:605299) Zheng Quan Zhi Xing·2025-06-12 09:39Summary of Key Points Core Viewpoint - The company has completed the repurchase and cancellation of shares related to the 2024 employee stock ownership plan, resulting in a reduction of total shares outstanding without changing the ownership structure of the controlling shareholder [1][4]. Group 1: Share Repurchase and Cancellation - The company repurchased and canceled 1,702,926 shares, reducing the total share capital from 410,929,449 shares to 409,226,523 shares as confirmed by the China Securities Depository and Clearing Corporation [1][2]. - The repurchase and cancellation were completed on June 12, 2025, and the company will proceed with the necessary business registration changes [2][3]. Group 2: Shareholding Structure Changes - Following the share repurchase, the controlling shareholder, Shuhua Investment, maintained the number of shares held but saw its ownership percentage increase from 64.97% to 65.24% [3][4]. - Other significant shareholders, Zhang Weijian and Zhang Jinpeng, also experienced slight increases in their ownership percentages, from 4.08% to 4.10% and from 3.46% to 3.47%, respectively [3]. Group 3: Regulatory Compliance - The company has adhered to relevant regulations regarding the disclosure of changes in shareholding percentages, particularly when ownership reaches or exceeds 5% and changes by 1% increments [3][4].