SAIC MOTOR(SH:600104) Zheng Quan Zhi Xing·2025-06-27 16:46Core Viewpoint - Shanghai Automotive Group Co., Ltd. has announced the cancellation of repurchased shares and a reduction in registered capital as part of its efforts to enhance the quality and investment value of the company, aligning with its 2025 valuation enhancement plan [1][2]. Group 1: Share Repurchase and Capital Reduction - The company completed its share repurchase plan on September 8, 2022, acquiring a total of 80,021,941 shares at an average price of 18.75 RMB per share, with a total expenditure of 1.5 billion RMB [1]. - The decision to cancel the repurchased shares and reduce registered capital was approved at the 2024 annual general meeting [1][2]. Group 2: Notification to Creditors - Creditors are informed that they have 30 days from receiving the notice, or 45 days from the announcement date, to claim their debts or request guarantees due to the capital reduction [2]. - Required documents for creditors to submit include original and photocopies of contracts, business licenses, and identification documents [2][4]. Group 3: Debt Claim Submission Process - Creditors can submit their claims through various methods including in-person, mail, or fax, with the submission period set from June 28, 2025, to August 12, 2025 [4]. - The company has provided specific contact details for the securities affairs department for claim submissions [4].