Xinjiang Tianrun Dairy (SH:600419) Zheng Quan Zhi Xing·2025-08-11 16:19Core Viewpoint - Xinjiang Tianrun Dairy Co., Ltd. plans to cancel 4,799,955 shares, which represents a reduction of approximately 1.50% of the total share capital before cancellation, amounting to 320,212,773 shares [2][3] Summary of Share Repurchase - The company approved a share repurchase plan to buy back shares using its own funds for employee stock ownership plans or equity incentives, with a maximum repurchase price of RMB 15.00 per share and a total repurchase quantity between 3,200,000 and 4,800,000 shares [2] - The average repurchase price was RMB 12.776 per share, with the highest price at RMB 13.50 and the lowest at RMB 11.78, totaling a fund usage of RMB 61,000,000 [3] Decision Process for Share Cancellation - The decision to cancel the repurchased shares was approved in meetings held on June 5, 2025, and June 24, 2025, where the purpose of the repurchased shares was changed from employee stock ownership to cancellation and reduction of registered capital [3][4] - The company has followed legal procedures to notify creditors regarding the share cancellation, and no objections were raised by creditors [3] Arrangement for Share Cancellation - The cancellation of shares is expected to be completed by August 12, 2025, after which the company will proceed with necessary registration changes [4] Impact on Company’s Capital Structure - Following the cancellation, the total share capital will decrease to 315,412,818 shares, with the number of unrestricted circulating shares adjusted accordingly [5][6] - The cancellation is not expected to significantly impact the company's financial status, operational results, or shareholder equity, nor will it affect the company's compliance with listing conditions [6]