GREATTOWN(SH:600094) Zheng Quan Zhi Xing·2025-08-08 16:11Core Viewpoint - The company has approved a proposal to cancel repurchased shares and reduce its registered capital, which involves the cancellation of 39,902,000 A-shares, thereby decreasing the total share capital and registered capital accordingly [1][2]. Group 1: Share Repurchase Plan and Implementation - The company initiated its third share repurchase plan, completing the repurchase of 39,902,000 A-shares by October 16, 2022, which accounted for a significant portion of the total share capital at that time [1]. - The purpose of the repurchased shares is to maintain company value and protect shareholder interests, with plans to either cancel or sell these shares in the secondary market [1]. Group 2: Reasons for Share Cancellation - As of now, the repurchased shares have not been canceled or sold in the secondary market and are held in a dedicated repurchase securities account [2]. - According to relevant laws and regulations, the company is required to cancel the repurchased shares within three years if they are not transferred as per the disclosed purpose [2]. Group 3: Impact of Share Cancellation on Company - The cancellation of the 39,902,000 shares will reduce the total share capital and registered capital by the same amount, resulting in a new total share capital of 2,324,950,045 shares and registered capital of 2,324,950,045.00 yuan [2]. - This action is not expected to have a significant impact on the company's operational activities, financial status, or future development, and it will not harm the interests of the company or minority investors [2]. Group 4: Follow-up Actions - The cancellation of the repurchased shares is subject to approval at the company's upcoming extraordinary general meeting, after which the company will fulfill creditor notification obligations and complete the necessary registration changes and amendments to the articles of association [3].