SINOLINK SECURITIES(SH:600109) Zheng Quan Zhi Xing·2025-08-29 17:15Core Viewpoint - The company plans to change the purpose of its share repurchase from "maintaining company value and shareholder rights" to "cancellation and reduction of registered capital" for shares repurchased in the first half of 2025 [1][5]. Summary by Sections Share Repurchase Plan and Implementation - On April 8, 2025, the company approved a share repurchase plan with a budget of between RMB 50 million and RMB 100 million, at a maximum price of RMB 12.91 per share, to be executed within three months [2]. - The company completed the repurchase of 7.1946 million shares by June 30, 2025, representing 0.1938% of the total share capital, with a total expenditure of RMB 59,466,804 [2]. Reason and Content of the Change in Share Repurchase Purpose - The change in the purpose of the repurchased shares aims to enhance long-term investment value and increase earnings per share, thereby boosting investor confidence [5]. - The company intends to cancel the repurchased shares, reducing the total share capital from 3,712,559,510 shares to 3,705,364,910 shares [5]. Impact of the Share Cancellation - The cancellation of the repurchased shares will not significantly affect the company's financial status or operational results, nor will it impact the debt repayment ability or shareholder rights [6]. - The remaining shares in the repurchase account will be used for employee stock ownership plans or equity incentives [5]. Decision-Making Process - The board of directors has proposed the change in share repurchase purpose to the shareholders' meeting for approval, and the board will be authorized to handle the necessary procedures for share cancellation [6].