HYC(SH:688001) Shang Hai Zheng Quan Bao·2026-02-02 19:31Core Viewpoint - The company, Suzhou Huaxing Yuanchuang Technology Co., Ltd., has announced the progress of its share repurchase and reduction plan, detailing the number of shares repurchased and the subsequent plan for their sale [2][3]. Group 1: Share Repurchase Details - The company repurchased a total of 434,946 shares from February 7, 2024, to May 6, 2024, which accounted for 0.0977% of the total share capital at that time [2]. - The repurchased shares are intended to maintain company value and shareholder rights, with plans to sell them through centralized bidding within twelve months after the announcement of the repurchase results [2]. - If the shares are not sold within the specified period, they will be canceled [2]. Group 2: Reduction Plan Progress - On December 31, 2025, the company disclosed a plan to reduce up to 434,946 repurchased shares within six months from the announcement date, subject to market conditions [3]. - Following the cancellation of 888,000 shares from the 2024 employee stock ownership plan, the total share capital was adjusted from 445,377,843 shares to 444,489,843 shares, leading to a revised reduction plan of up to 434,266 shares [3]. Group 3: Compliance and Reporting - 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 [4]. - As of January 31, 2026, the company had not yet reduced any of the repurchased shares [4].