XCMG(SZ:000425) Shang Hai Zheng Quan Bao·2025-08-15 18:36Core Viewpoint - The company has completed the repurchase and cancellation of shares related to performance commitment compensation, fulfilling the compensation plan and resulting in a slight reduction in total share capital [2][19][21]. Group 1: Share Repurchase and Cancellation - The repurchased shares amount to 743,331 shares, representing 0.006% of the company's total share capital prior to cancellation [2][19]. - The total share capital will decrease from 11,753,715,813 shares to 11,752,972,482 shares following the cancellation [2][20]. - The repurchase was executed at a total price of RMB 1.00 [2][19]. Group 2: Performance Commitment and Compensation - The performance commitment agreement was established between the company and Xuzhou Engineering Machinery Group, with specific profit and revenue targets set for the years 2021 to 2024 [4][14]. - The actual cumulative net profit for the equity performance commitment assets from 2021 to 2024 reached RMB 642,188.35 million, achieving a completion rate of 100.40% [14]. - The cumulative revenue share for intellectual property performance commitment assets was RMB 44,555.68 million, with a completion rate of 96.93%, indicating a shortfall that requires compensation [14]. Group 3: Impact and Future Arrangements - The share cancellation will not materially affect the company's financial status or operational results, nor will it harm the interests of shareholders, particularly minority investors [20]. - The company will proceed with necessary legal and regulatory changes following the share cancellation, including updating its registered capital and amending its articles of association [23].