Core Viewpoint - Shenzhen Yinghe Technology Co., Ltd. is proceeding with the cancellation of part of its repurchased shares and a reduction in registered capital due to the failure to utilize the repurchased shares for employee stock ownership plans or equity incentives within the stipulated timeframe [3][4]. Summary by Sections Share Buyback Overview - On July 13, 2022, the board of directors approved a share buyback plan using 100 to 200 million yuan of its own funds, with a maximum buyback price of 38 yuan per share, to be completed within 12 months [2]. - The maximum buyback price was adjusted to 37.9 yuan per share on August 26, 2022, following the completion of the 2021 annual equity distribution [2]. - By October 12, 2022, the company completed the buyback, acquiring 7.3822 million shares, which is 1.14% of the total share capital, with a total transaction amount of 193 million yuan [2]. Cancellation Details - The cancellation of shares is based on a resolution from the board meeting on September 26, 2025, due to the company's failure to use the repurchased shares for the intended purposes [3]. - The board approved the cancellation of part of the repurchased shares and a reduction in registered capital, which was also ratified by the shareholders' meeting on October 13, 2025 [3]. Legal Opinion - The law firm, Guohao Law Firm (Shenzhen), confirmed that the cancellation has obtained the necessary approvals and that the reasons and quantities for cancellation comply with relevant laws and regulations [4]. - The company is required to fulfill its information disclosure obligations and complete the share cancellation registration procedures as per regulations [4].
赢合科技注销部分回购股份,注册资本将减少