南京新街口百货商店股份有限公司第十届董事会第二十次会议决议公告

Core Points - The company plans to cancel 1,000,000 shares that were repurchased and reduce its registered capital accordingly [8][12][14] - The total share capital will decrease from 1,346,132,221 shares to 1,345,132,221 shares after the cancellation [9][14] - The board of directors has approved the proposal, which will be submitted to the shareholders' meeting for further approval [2][16] Group 1: Board Meeting Decisions - The board meeting was held on September 22, 2025, with all 11 directors participating [1][3] - The proposal to cancel repurchased shares and reduce registered capital was approved unanimously [3][5] - A proposal to hold the first extraordinary general meeting of shareholders in 2025 was also approved [4][5] Group 2: Share Repurchase Details - The company had previously repurchased a total of 7,000,000 shares, with 6,000,000 shares sold through centralized bidding [11][12] - The repurchase was conducted under a plan approved in June 2022, with a budget of between RMB 50 million and RMB 100 million [10][12] - The maximum repurchase price was adjusted to RMB 13.78 per share [10][11] Group 3: Impact of Share Cancellation - The cancellation of shares is intended to enhance shareholder value and improve financial metrics such as earnings per share and net asset value [12][13] - The company asserts that this action will not significantly impact its operational capabilities or financial status [15] - The proposal complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [15] Group 4: Upcoming Shareholders' Meeting - The extraordinary general meeting is scheduled for October 15, 2025, with both on-site and online voting options available [19][20] - The meeting will discuss the approved proposals from the board, including the share cancellation [21][22] - Shareholders must register to attend the meeting, with specific procedures outlined for both individual and institutional investors [29][30]