ZNHI(SZ:002445) Zheng Quan Zhi Xing·2025-06-30 16:11Core Viewpoint - The company, Zhongnan Culture Group Co., Ltd., has completed a share buyback program, resulting in a change in the shareholding structure of its controlling shareholder, which has increased its holding to over 30% and is exempt from making a tender offer [1][2]. Summary by Sections Share Buyback Details - The company approved a share buyback plan on July 10, 2024, with a total fund of no less than RMB 30 million and no more than RMB 60 million, at a maximum price of RMB 2.66 per share, to be executed within 12 months [1]. - The maximum buyback price was later adjusted to RMB 3.6 per share on January 2, 2025 [1]. - The total number of shares repurchased was 15,060,800, representing 0.63% of the total share capital before cancellation, with a total expenditure of RMB 30.54 million [2]. Changes in Shareholding Structure - Following the completion of the share buyback and cancellation, the total number of shares decreased from 2,391,668,331 to 2,376,607,531 [4]. - The controlling shareholder, Chengbang Enterprise Management, and its concerted party, Jiangyin Xinguolian Electric Power Development Co., Ltd., maintained their total shareholding at 716,798,390 shares, increasing their ownership percentage from 29.97% to 30.16% [4]. Other Matters - The change in shareholding does not result in a substantial change in the company's control structure, and it will not adversely affect corporate governance or the interests of minority shareholders [4]. - The company is exempt from making a tender offer due to the nature of the shareholding change as per relevant regulations [4].