JINKE PROPERTY(SZ:000656) Xin Lang Cai Jing·2025-09-30 11:52Core Viewpoint - *ST Jinke (000656) announced the cancellation of 37.06 million repurchased public shares, which will lead to a corresponding reduction in the company's registered capital [1] Summary by Sections Repurchased Shares Overview - On July 12, 2021, *ST Jinke's board approved a plan to repurchase public shares for employee stock ownership and equity incentive plans, totaling 42.6979 million shares [2] - The repurchase plan was terminated on July 11, 2022, with 5.6379 million shares auctioned off to creditors, leaving 37.06 million shares unutilized [2] Reasons for Cancellation and Decision Process - According to the repurchase plan, unutilized repurchased shares must be canceled if not used within 36 months post-termination [3] - As *ST Jinke did not implement the intended uses within the specified timeframe, the remaining 37.06 million shares will be canceled [3] - The board approved the cancellation on September 30, 2025, pending shareholder meeting approval [3] Impact of Cancellation on the Company - The cancellation aligns with regulations and will not harm the interests of the company or its shareholders [4] - The company asserts that this action will not adversely affect its operations, finances, research and development, debt obligations, or future growth [4] - Post-cancellation, the company's share distribution will still meet listing requirements, ensuring its continued listing status [4]