China Tianying(SZ:000035) Zheng Quan Zhi Xing·2025-08-21 12:18Core Viewpoint - The company has approved the cancellation of 112,750,413 repurchased shares, reducing its total share capital and registered capital, which will enhance earnings per share and shareholder returns without significantly impacting its financial status or operations [1][4]. Group 1: Share Repurchase Implementation - The company initiated a share repurchase plan on November 11, 2021, with a budget between RMB 800 million and RMB 1.5 billion, at a maximum price of RMB 6.50 per share, within a 12-month period [1][2]. - By November 10, 2022, the company had repurchased a total of 112,750,413 shares, accounting for approximately 4.51% of the total shares before cancellation, with a total transaction amount not specified [2][3]. Group 2: Reasons and Quantity for Cancellation - The shares were intended for employee stock incentive plans, but due to the expiration of the three-year period without implementation, the company decided to cancel these shares [2][3]. Group 3: Changes in Share Capital Structure - After the cancellation, the total number of shares will decrease from 2,500,783,182 to 2,388,032,769, with limited and unrestricted shares adjusted accordingly [3][4]. - The structure will reflect 74,950,521 shares with limited sale conditions (3.14%) and 2,313,082,248 unrestricted shares (96.86%) post-cancellation [3]. Group 4: Impact and Future Arrangements - The cancellation is expected to improve earnings per share and will not affect the company's financial condition or future development significantly [4]. - The company will apply for share cancellation procedures and make necessary amendments to its articles of association and business registration following shareholder approval [4].