CANSINOBIO (06185) will cancel 406,100 shares of A shares repurchased.
CanSino Biologics (06185) announces that, according to the Company Law of the People's Republic of China and the Rules on Stock Repurchase of Listed Companies...
CANSINOBIO (06185) announces that, in accordance with the Company Law of the People's Republic of China, the Rules on Share Repurchase of Listed Companies, the Shanghai Stock Exchange's Self-Regulatory Supervision Guidelines No. 7 - Share Repurchase, as well as the CANSINOBIO Articles of Association and other relevant laws, regulations, and normative documents, for repurchased shares used for employee shareholding or equity incentives, they should be transferred according to the disclosed purpose within three years after the completion of the repurchase. If the shares are not transferred according to the disclosed purpose, they should be cancelled before the expiration of the three-year deadline. As the company did not use all repurchased shares for employee shareholding plans or equity incentives before the three-year deadline expired, the company will cancel all 406,100 shares corresponding to the repurchase special securities account and accordingly reduce the company's registered capital.
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