ShengJian Environment(SH:603324) Zheng Quan Zhi Xing·2025-07-02 16:03Core Viewpoint - The Shanghai Shengjian Technology Co., Ltd. is holding its second extraordinary general meeting of shareholders in 2025 to discuss various proposals, including changes to share repurchase plans and capital reduction [1][4][6]. Meeting Procedures - The meeting will be conducted in a hybrid format, combining in-person and online participation [1][2]. - Shareholders must register and present valid identification to participate in the meeting [2][3]. - The meeting will include a series of procedural steps, such as signing in, electing monitors, discussing proposals, and voting [5][6]. Share Repurchase and Capital Reduction - The company plans to change the purpose of some repurchased shares from an employee stock ownership plan to cancellation and capital reduction, specifically 509,000 shares [6][8][16]. - The total amount used for share repurchase was approximately 79.9391 million RMB, with an average repurchase price of 35.61 RMB per share [6][7]. - The company aims to repurchase and cancel 810,480 shares due to non-compliance with performance targets and employee departures [10][11][17]. Financial Performance and Targets - The company did not meet the performance targets set for the employee stock ownership plan, with net profits of 145.4805 million RMB and 106.4047 million RMB for 2023 and 2024, respectively [10][11]. - The second unlocking period's conditions were not fulfilled, leading to the proposed repurchase of unvested shares [11][12]. Amendments to Company Charter - Following the capital reduction, the company's registered capital will decrease from 1,489,990,600 RMB to 1,476,799,580 RMB, and the total number of shares will reduce accordingly [17][18]. - The company will revise its charter to reflect these changes, ensuring compliance with relevant laws and regulations [17][18].