AIHUA GROUP(SH:603989) Shang Hai Zheng Quan Bao·2025-11-05 19:30Core Viewpoint - Hunan Aihua Group Co., Ltd. has approved the change of purpose for repurchased shares and their subsequent cancellation, which will reduce the total share capital and registered capital of the company by 2,350,743 shares, representing 0.59% of the current total share capital [2][11]. Group 1: Share Repurchase and Cancellation - The company held meetings on August 28, 2025, and September 16, 2025, to approve the cancellation of 2,350,743 shares, reducing total share capital from 401,130,603 shares to 398,779,860 shares [2][11]. - The cancellation of repurchased shares is scheduled to be completed on November 6, 2025 [3]. - The repurchase plan was initially approved on September 28, 2021, allowing for the repurchase of between 1,250,000 and 2,500,000 shares at a maximum price of 40.00 CNY per share [4][5]. Group 2: Implementation of Share Repurchase - The company completed the repurchase of 2,350,743 shares by September 27, 2022, with a total expenditure of approximately 75.86 million CNY, at an average price of 32.27 CNY per share [6]. - The shares were stored in a dedicated repurchase account and have not been utilized for any purpose until now [7]. Group 3: Change of Purpose for Repurchased Shares - The purpose of the repurchased shares has been changed from "to implement an equity incentive plan" to "to cancel and reduce registered capital" [9]. - The company has notified creditors regarding the cancellation of shares, and no objections were raised by creditors by the deadline of November 1, 2025 [9]. Group 4: Impact of Share Cancellation - The cancellation of shares will not significantly impact the company's financial status, operational results, or debt repayment capabilities, nor will it affect shareholder equity or the company's listing status [11]. - The shareholding structure of the controlling shareholder and related parties will also remain unchanged following the cancellation [10].