ENC(SH:603869) Zheng Quan Zhi Xing·2025-08-03 16:18Core Viewpoint - The company, New Intelligence Digital Technology Co., Ltd., is implementing a share buyback and cancellation plan, which will reduce its registered capital and total share capital, thereby potentially enhancing shareholder value and maintaining the company's stock price stability [1][5]. Summary by Sections Share Buyback and Cancellation Details - The company plans to cancel 10,383,920 shares repurchased between August 20, 2024, and November 16, 2024, which will reduce the total share capital from 504,500,508 shares to 494,116,588 shares [1][2]. - The total registered capital will decrease from RMB 504,500,508 to RMB 494,116,588 following the cancellation [1][2]. - The cancellation date is set for August 4, 2025 [1]. Decision-Making Process - The decision to cancel the shares was approved during the 18th meeting of the fifth board of directors and the 10th meeting of the fifth supervisory board on April 27, 2025, and subsequently at the annual shareholders' meeting on May 29, 2025 [2]. - The company has fulfilled the creditor notification process as required by law, with no claims received during the public notice period [2]. Changes in Share Structure - After the cancellation, the company's total share capital will decrease, with the shareholding structure remaining unchanged in terms of the percentage of shares held by major shareholders [3][4]. - The proportion of shares held by the controlling shareholder and its concerted parties will increase from 62.25% to 63.56% post-cancellation [4]. Impact on the Company - The cancellation of shares and reduction of registered capital will not significantly impact the company's financial status, operational results, or debt repayment ability [5]. - The move is not expected to harm the interests of shareholders, particularly minority shareholders, and will not affect the company's compliance with listing requirements [5].