Core Viewpoint - The company plans to adjust the purpose of repurchased shares from employee stock ownership plans to cancellation, aiming to enhance shareholder value and maintain investor confidence [1][5]. Summary by Sections 1. Basic Information on Share Repurchase - The company approved a share repurchase plan on January 10, 2024, with a total repurchase amount between RMB 300 million and RMB 500 million, at a maximum price of RMB 58 per share, within a 12-month period [1][2]. 2. Adjustment of Share Repurchase Purpose - The company intends to adjust the use of 6,000,000 shares from the repurchase account, changing it from "for employee stock ownership plans" to "for cancellation" [1][3]. 3. Changes in Total Depository Receipts - After the cancellation of 6,000,000 shares, the total number of depository receipts will decrease from 719,444,662 to 713,444,662 [4]. 4. Reasons and Impacts of the Adjustment - The decision is based on the company's operational situation and strategic planning, aiming to enhance returns for depository receipt holders without negatively impacting the company's financial status or debt obligations [5]. 5. Decision-Making Process - The adjustment has been approved by the company's board and will be submitted for shareholder approval, ensuring compliance with relevant laws and regulations [5].
九号公司: 九号有限公司关于调整回购股份用途并注销的公告