Zhongyan Technology (SZ:003001) Shang Hai Zheng Quan Bao·2025-09-01 20:42Group 1 - The company held its 36th meeting of the third board of directors on September 1, 2025, where all nine directors attended, and the meeting was deemed legal and effective [2][3]. - The board approved a proposal to change the purpose of repurchased shares and to cancel 2,317,465 shares, which will now be used for cancellation and reduction of registered capital instead of employee stock ownership plans [4][14]. - The proposal to change the registered capital and amend the company's articles of association was also approved, which will be submitted to the shareholders' meeting for further review [6][21]. Group 2 - The company had previously approved a share repurchase plan in January 2023, with a total repurchase amount between RMB 15 million and RMB 30 million, and a maximum price of RMB 22.50 per share [10]. - As of September 21, 2023, the company had repurchased 1,550,685 shares, accounting for 1.22% of the total share capital, with a total transaction amount of approximately RMB 24.81 million [10]. - The company also approved a share repurchase plan in February 2024, with a similar financial structure, and had repurchased 1,335,780 shares by May 8, 2024 [12]. Group 3 - The decision to change the purpose of repurchased shares aims to enhance earnings per share and improve shareholder returns, while not adversely affecting the company's financial status [16]. - The registered capital will decrease from RMB 176,665,939 to RMB 174,348,474 following the cancellation of shares [21]. - The company plans to submit the changes for approval at the upcoming shareholders' meeting scheduled for September 10, 2025 [25][26].