Shang Hai Zheng Quan Bao·2025-07-03 19:45Core Viewpoint - The company has completed the repurchase and cancellation of 8,559,700 shares, which represents 0.55% of the total share capital, resulting in a reduction of total share capital from 1,560,998,809 shares to 1,552,439,109 shares [1][3][4]. Summary by Sections Repurchase and Cancellation Details - The company approved the share repurchase plan on April 28, 2025, and May 19, 2025, allowing for the repurchase of A-shares using self-owned funds or loans through centralized bidding [1][8]. - As of June 20, 2025, the company repurchased a total of 8,559,700 shares at an average price of 5.85 CNY per share, with a total transaction amount of approximately 50.09 million CNY [2][8]. Impact on Share Capital - Following the cancellation of the repurchased shares, the total share capital decreased to 1,552,439,109 shares, maintaining compliance with listing conditions and not affecting the company's control [3][4]. Convertible Bond Price Adjustment - The repurchase and cancellation of shares will lead to an adjustment in the conversion price of the company's convertible bonds, increasing from 7.80 CNY to 7.81 CNY per share, effective from July 4, 2025 [6][9]. - The adjustment is based on the formula outlined in the bond issuance prospectus, reflecting the impact of the share repurchase on the bondholders' rights [9].