GINWA(SH:600080) Shang Hai Zheng Quan Bao·2026-01-06 17:42Core Viewpoint - The company, Jinhua Enterprises (Group) Co., Ltd., has announced the progress of its share repurchase and reduction plan, indicating that it has not yet executed the planned reduction of repurchased shares as of the end of December 2025 [2][3]. Group 1: Share Repurchase Details - The company repurchased a total of 20,557,582 shares from February 23, 2024, to May 22, 2024, which accounts for 5.51% of its total share capital [2]. - Out of the repurchased shares, 2,750,000 shares (0.74% of total share capital) were allocated for employee stock ownership plans or equity incentives, while 17,807,582 shares (4.77% of total share capital) were repurchased to maintain company value and protect shareholder interests [2]. Group 2: Reduction Plan Progress - The company disclosed a plan on October 30, 2025, to reduce up to 7,465,405 repurchased shares (2% of total share capital) through centralized bidding within six months following the announcement [3]. - As of November 30, 2025, the company had not yet executed any reductions of the repurchased shares, and this status remained unchanged as of December 31, 2025 [3][3]. Group 3: Compliance and Regulations - The company is required to disclose the progress of the share reduction plan within the first three trading days of each month, based on the previous month's status [5]. - The reduction plan is consistent with prior commitments made by major shareholders and does not involve any significant corporate actions such as high stock dividends or mergers during the reduction period [6][7].