Group 1 - The company plans to cancel 80,021,941 shares as part of its share repurchase program, which aims to enhance the quality and investment value of the listed company and fulfill its 2025 valuation enhancement plan [2][3] - The decision to cancel the repurchased shares was approved during the company's board meeting and the 2024 annual shareholders' meeting, with the necessary legal procedures followed [2][3] - After the cancellation, the total number of shares will decrease from 11,575,299,445 to 11,495,277,504, reflecting a reduction in registered capital [3][4] Group 2 - The cancellation of shares is in accordance with relevant laws and regulations, as the stock repurchase account's shares must be used or canceled within three years of the repurchase [3] - The company has not received any requests from creditors for early debt repayment or guarantees during the creditor notification period [2][3] - The cancellation process is scheduled to be completed by August 29, 2025, with necessary changes to be registered with the relevant authorities [3]
上汽集团: 上汽集团关于实施回购股份注销暨股份变动的公告