Dongshan Precision (02384): Proposed cancellation of share repurchases and reduction of registered capital

According to the Zhitong Finance App, Dongshan Precision (02384) issued an announcement. Since the three-year holding period for repurchased shares under the repurchase plan is about to expire, the company plans to cancel 1,588,800 A-shares under the repurchase plan and reduce the company's registered capital accordingly.

After the cancellation of part of the repurchase of shares, the total issued share capital of the company will be reduced from 1,945 billion shares to 1,944 billion shares (assuming that the over-allotment rights for H shares are not exercised).

The board of directors believes that the cancellation of part of the repurchased shares complies with the provisions of relevant laws, regulations and regulatory documents, and is in line with the actual situation of the company. This measure is conducive to increasing earnings per share and increasing the return on investment of the company's shareholders. It will not have a significant impact on the company's financial status, operating results and solvency, will not cause changes in the company's control, nor will it change the company's listing status, and there is no harm to shareholders' interests (especially the interests of small and medium shareholders).