HYPC(SZ:000703) Zheng Quan Zhi Xing·2025-07-10 16:20Summary of Key Points Core Viewpoint - The company has completed the cancellation of 63,703,752 shares, reducing its total share capital to 3,602,617,872 shares as of July 9, 2025 [1][2]. Group 1: Share Repurchase Overview - The company approved a share repurchase plan on October 27, 2021, with a total budget between RMB 50 million and RMB 100 million, at a maximum price of RMB 15 per share [1]. - The repurchase period was set for 12 months from the board's approval date [1]. - By October 26, 2022, the company had repurchased a total of 63,703,752 shares, accounting for 1.74% of the total share capital, with a total expenditure of approximately RMB 623.6 million [2]. Group 2: Share Cancellation Details - The board meetings held on April 28, 2025, and May 15, 2025, approved the change in the purpose of the repurchased shares from employee stock ownership plans to cancellation and reduction of registered capital [2]. - The cancellation of shares will not materially affect the company's financial status or operating results [2]. Group 3: Changes in Share Capital Structure - After the cancellation, the share capital structure is as follows: - Limited sale condition shares: 18,967,500 shares (0.53%) - Unrestricted shares: 3,583,650,372 shares (99.47%) - Total share capital: 3,602,617,872 shares (100%) [3]. - The company will proceed with the necessary legal registrations and disclosures following the cancellation [3].