TF Securities(SH:601162) Shang Hai Zheng Quan Bao·2025-10-20 20:18Core Viewpoint - Tianfeng Securities has completed the cancellation of repurchased shares, reducing its total share capital by 67,786,990 shares, which is 0.67% of the total shares before cancellation [2][3]. Group 1: Share Repurchase Details - The company repurchased a total of 67,786,990 shares at an average price of RMB 3.73 per share, with a total expenditure of RMB 252.567452 million [2]. - The maximum repurchase price was RMB 4.01 per share, and the minimum was RMB 3.48 per share [2]. - The repurchase was approved by the board on October 29, 2021, and completed on October 28, 2022 [2][3]. Group 2: Approval Process for Cancellation - The board meetings on August 15, 2025, and September 3, 2025, approved the change of purpose for the repurchased shares to cancellation and reduction of registered capital [3]. - The company notified creditors about the cancellation of repurchased shares, and the notification period ended without any claims from creditors [4]. Group 3: Impact on Company Structure - After the cancellation, the total share capital will decrease from 10,141,772,224 shares to 10,073,985,234 shares [2][3]. - The cancellation of shares will not significantly impact the company's financial status or operational results, nor will it harm the interests of small investors [6]. Group 4: Future Arrangements - The company will complete the necessary legal procedures for business registration changes and timely fulfill information disclosure obligations following the cancellation [6].