CENTURY HUATONG(SZ:002602) Shang Hai Zheng Quan Bao·2025-12-26 21:14Core Viewpoint - Zhejiang Century Huatong Group Co., Ltd. has completed the cancellation of repurchased shares, reducing its total share capital without significantly impacting its financial status or operational results [1][6]. Group 1: Share Repurchase and Cancellation Overview - The company repurchased a total of 1,280,000 shares, accounting for 0.0174% of the total share capital before cancellation [2]. - Following the cancellation, the total share capital decreased from 7,371,962,322 shares to 7,370,682,322 shares [2][7]. - The repurchase was initially approved in March 2022, with a budget of between RMB 5 billion and RMB 10 billion, and a maximum price of RMB 10 per share [3]. Group 2: Implementation and Financial Details - The company executed the repurchase through centralized bidding, acquiring shares at a maximum price of RMB 4.63 and a minimum price of RMB 4.09, totaling RMB 5,732,400 (excluding transaction fees) [4]. - The board decided to terminate the repurchase plan in December 2022, considering various factors including macroeconomic conditions and company strategy [3][4]. Group 3: Changes in Share Capital and Future Plans - The purpose of the repurchased shares was changed from employee incentive plans to cancellation and reduction of registered capital [5]. - The cancellation process was completed on December 25, 2025, and the company will proceed with necessary legal and regulatory changes to its registered capital and articles of association [6][7].