Core Viewpoint - The company has decided to cancel 2,000 shares of treasury stock that were not utilized for the employee stock ownership plan or equity incentive plan, in order to reduce its registered capital [1][2]. Group 1: Stock Buyback and Cancellation - The company completed a stock buyback on April 28, 2023, acquiring a total of 6,562,000 shares, which accounted for 0.74% of the total share capital at that time, with a maximum price of 5.70 yuan per share and a minimum price of 3.98 yuan per share [1]. - The remaining 2,000 shares from the buyback will be canceled as they were not used within the stipulated 36 months for the intended purposes [2]. - Following the cancellation, the total share capital will decrease from 900,806,228 shares to 900,804,228 shares, with no change in the proportion of limited and unrestricted shares [2]. Group 2: Impact and Compliance - The cancellation of treasury stock complies with the relevant regulations and will not materially affect the company's operational performance or financial status [4]. - The company's control structure will remain unchanged, and the equity distribution will still meet the listing requirements [3][4]. - The supervisory board has approved the cancellation of the treasury stock, confirming that it does not harm shareholder interests [4].

Core Points - The company has completed the cancellation of 13,651 shares from its repurchase account, which accounts for 0.0019% of the total share capital, reducing the total shares from 717,026,333 to 717,012,682 [1][2][3] Summary by Sections Share Repurchase and Cancellation - The company has approved the cancellation of 13,651 shares from its repurchase account, following the necessary approval procedures [1][2] - The total amount allocated for share repurchase was between RMB 80 million and RMB 150 million, with a maximum repurchase price of RMB 12.00 per share [1] Reasons for Cancellation - The cancellation of shares is in accordance with the regulations set by the China Securities Regulatory Commission, which requires shares not used for employee stock ownership plans or equity incentive plans within three years to be canceled [2][3] Changes in Share Capital Structure - After the cancellation, the share capital structure will be as follows: - Restricted shares: 4,965,242 shares (0.69%) - Unrestricted shares: 712,047,440 shares (99.31%) - Total shares after cancellation: 717,012,682 shares [3] Impact of Cancellation - The cancellation of shares complies with relevant regulations and will not materially affect the company's operational performance or financial status, nor will it change the control of the company [3] Future Arrangements - The company will proceed with the necessary changes to its registered capital, amend its articles of association, and complete the relevant business registration and filing [3]

Core Viewpoint - Shanghai Port Construction (Group) Co., Ltd. has decided to cancel 32 shares from its repurchase special securities account, reducing its total share capital from 244,584,841 shares to 244,584,809 shares [1][5][6] Group 1: Repurchase Overview - The company approved a share repurchase plan on March 8, 2023, with a total expenditure of 67.3847 million yuan, repurchasing 1.27% of its total share capital at an average price of 30.74 yuan per share [2][3] - A total of 2,192,000 shares were transferred to the employee stock ownership plan at a price of 15.73 yuan per share, leaving 32 shares remaining in the repurchase account [2][3] Group 2: Decision Process for Cancellation - The decision to cancel the remaining 32 shares was made during the board and supervisory meetings held on April 28, 2025, and was approved at the annual general meeting on May 30, 2025 [3][4] - The company has complied with legal requirements regarding creditor notification, and no objections were raised during the 45-day notice period [3][4] Group 3: Cancellation Details - The cancellation of the 32 shares is due to the expiration of the three-year holding period, which will end on April 6, 2026 [5] - The cancellation process is scheduled to be completed by July 22, 2025, with necessary changes to the company's registration to follow [5] Group 4: Impact of Cancellation - The cancellation of the repurchased shares will not materially affect the company's operational or financial status, nor will it alter the control or listing status of the company [6]