Qingdao Gon Technology Co Ltd002768
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Cancellation of repurchased shares reduces share count, potentially boosting EPS and signaling capital management.
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Qingdao Gon Technology Co LtdGuoen Shares announced that it has completed the cancellation of 6.25 million repurchased A-shares, involving an amount of 130 million yuan. The cancellation took effect on July 31, 2026. The cancelled shares accounted for 1.41% of the company's total share capital before the cancellation. After the cancellation, the total share capital decreased from 443 million shares to 437 million shares. The company previously launched a repurchase plan in March 2024, repurchasing a total of 6.25 million shares at an average transaction price of 20.84 yuan per share. The shares were originally intended for an employee stock ownership plan or equity incentives, but after deliberation by the board of directors and shareholders' meeting, the purpose was changed to cancellation and reduction of registered capital.
Qingdao Gon Technology Co LtdCancellation of repurchased shares reduces share count, potentially boosting EPS and signaling capital management.