NJXB(SH:600682) Shang Hai Zheng Quan Bao·2025-08-20 20:19Core Viewpoint - Nanjing Xinjiekou Department Store Co., Ltd. plans to reduce its repurchased shares through centralized bidding, aiming to maintain company value and shareholder rights while supplementing its working capital [2][5][6]. Summary by Sections Share Repurchase Overview - The company repurchased a total of 7,000,000 shares from July 19, 2022, to September 29, 2022, which represents 0.52% of the total share capital of 1,346,132,221 shares [2]. Reduction Plan Details - The company intends to reduce up to 6,000,000 shares (0.45% of total share capital) starting 15 trading days after the announcement until September 26, 2025 [2][3]. - The reduction will be adjusted if there are changes in the total share capital due to stock dividends or capital reserve transfers [2]. Purpose and Use of Funds - The funds obtained from the sale of repurchased shares will be used to supplement the company's working capital [6]. Impact on Shareholding Structure - The reduction will not change the company's control or shareholding structure; post-reduction, the repurchased shares will decrease from 7,000,000 to 1,000,000, changing the holding percentage from 0.52% to 0.07% [7]. Management's Position - The management believes that the reduction of repurchased shares will benefit the company by providing necessary liquidity for daily operations without significantly impacting its operations, finances, or future development [7].