Chunqiu ET(SH:603890) Shang Hai Zheng Quan Bao·2026-02-10 18:19Core Viewpoint - Suzhou Chunqiu Electronics Technology Co., Ltd. has announced the cancellation of repurchased shares and a reduction in registered capital, which will not significantly impact the company's financial status or operations [2][10]. Group 1: Share Repurchase and Cancellation - The company held board meetings on December 2 and December 23, 2025, to approve the cancellation of 9,136,891 repurchased shares and the corresponding reduction in registered capital [2][7]. - Following the cancellation, the total share capital will decrease from 455,944,899 shares to 446,808,008 shares [2][10]. - The cancellation date for the repurchased shares is set for February 11, 2026 [3]. Group 2: Share Repurchase Plan and Implementation - The share repurchase plan was approved on May 5, 2022, with a total repurchase fund of no less than RMB 80 million and no more than RMB 150 million, at a maximum price of RMB 13.71 per share [5]. - As of February 20, 2023, the company had repurchased 9,136,891 shares, accounting for 2.0811% of the total share capital, with an average repurchase price of RMB 10.18 per share [5][6]. - The repurchased shares were intended for employee stock ownership plans or equity incentive plans [5]. Group 3: Legal and Regulatory Compliance - The cancellation of shares is in accordance with the Company Law of the People's Republic of China and relevant regulations regarding share repurchase [8][9]. - The company has notified creditors about the share cancellation, and no objections were raised within the stipulated period [9]. Group 4: Impact and Future Arrangements - The cancellation of repurchased shares will not adversely affect the company's financial condition or operational results, nor will it harm the interests of shareholders, especially minority investors [10]. - The company's control structure and compliance with listing requirements will remain unchanged following the share cancellation [10].