SCMF(SZ:000731) Shang Hai Zheng Quan Bao·2025-11-07 19:47Core Viewpoint - Sichuan Meifeng Chemical Co., Ltd. has completed the repurchase and cancellation of shares, resulting in a reduction of its total share capital and an increase in the controlling shareholder's stake due to the share cancellation [2][10]. Summary by Sections Share Repurchase and Cancellation - A total of 10,003,231 shares were repurchased, accounting for 1.79% of the company's total share capital before the cancellation, reducing the total share capital from 558,829,131 shares to 548,825,900 shares [2][6]. - The repurchase was approved on May 8, 2025, and the shareholders' meeting on May 23, 2025, authorized the use of self-owned funds for the repurchase, with a total fund amount between RMB 50 million and RMB 70 million, and a maximum repurchase price of RMB 10.07 per share [2][12]. - The actual repurchase occurred from June 18, 2025, to October 30, 2025, with a total expenditure of RMB 69,999,963.17, at a maximum price of RMB 7.38 and a minimum price of RMB 6.72 per share [5][12]. Impact on Share Capital Structure - Following the cancellation of the repurchased shares, the company's total share capital decreased to 548,825,900 shares, which is compliant with relevant laws and regulations [6][12]. - The cancellation is expected to enhance earnings per share and improve shareholder returns without adversely affecting the company's financial status or operational results [6]. Changes in Controlling Shareholder's Stake - The cancellation of shares led to a passive increase in the controlling shareholder Chengdu Huachuan's stake from 12.89% to 13.13%, reaching a 1% integer multiple [10][13]. - This change does not involve any active increase or decrease in shareholding by the shareholders and will not affect the company's governance structure or ongoing operations [10].