CENTURY HUATONG(SZ:002602) Zheng Quan Zhi Xing·2025-08-21 10:19Group 1 - The company Zhejiang Century Huatong Group Co., Ltd. plans to repurchase and cancel 126,627,700 shares related to performance commitment compensation from three shareholders [1][2] - The repurchase involves shareholders Shanghai Yaoqiru Network Technology Partnership, Shaoxing Shangyu Yicheng Enterprise Management Consulting Partnership, and Shaoxing Shangyu Jiren Enterprise Management Consulting Partnership [1][2] - The repurchased shares will be canceled at a total price of RMB 1.00, and the repurchase has been completed as of August 20, 2025 [1][9] Group 2 - The performance commitment compensation period covers the years 2018, 2019, and 2020, with specific net profit targets set for each year [2][3] - The actual net profits for the years 2018, 2019, and 2020 were 214,016.50 million, 251,822.19 million, and 261,865.58 million respectively, compared to the committed net profits of 213,575 million, 249,435 million, and 296,789 million [5][6] - The total shortfall in meeting the performance commitments was 32,094.73 million, resulting in a compensation amount of 125,889.04 million [6][10] Group 3 - The company has completed the issuance of shares for the acquisition of 100% equity in Shanghai Shengqu Technology (Group) Co., Ltd. as part of a major asset restructuring [1][7] - The repurchase and cancellation of shares will not change the company's control, and the share distribution remains compliant with listing requirements [11][12] - The company will continue to enforce the performance commitment compensation agreements and take legal action if necessary to protect shareholder interests [12][13]