Fenda Technology: The purpose of stock repurchase has been changed to "used for cancellation and reduction of registered capital"

GoldenOctober2024

2024-12-01 07:39:53

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On December 1st, Jinshi Data announced that Fenda Technology plans to change the purpose of share repurchase from ‘used for implementing stock incentive plans or employee shareholding plans’ to ‘used for cancellation and reduction of registered capital’. On November 29, 2024, the company held the 15th meeting of the fifth board of directors and approved the proposal. As of the date of the announcement, the company has repurchased 4,887,044 shares, accounting for 0.27% of the total share capital, with a total payment of 20.9499 million yuan. This change in the purpose of share repurchase is beneficial to increase the company’s earnings per share and enhance long-term investment value, promote the level of Dividend, and achieve high-quality development. This change will not have a significant adverse impact on the company’s operations, finances, research and development, profitability, and future development.

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