Suzhou Dongshan Precision Manufacturing (02384): Proposed cancellation of repurchased shares and reduction of registered capital

Suzhou Dongshan Precision Manufacturing (02384) announced that, as the three-year holding period for the shares repurchased under the repurchase plan is about to expire, the company proposes to cancel 1,588,800 A-shares repurchased under the repurchase plan and correspondingly reduce its registered capital. Upon completion of the cancellation of part of the repurchased shares, the company's total issued share capital will decrease from 1.945 billion shares to 1.944 billion shares (assuming the H-share over-allotment option has not been exercised). The board believes that the cancellation of part of the repurchased shares complies with the provisions of relevant laws, regulations and normative documents and is in line with the company's actual circumstances. This measure will help enhance earnings per share and improve investment returns for the company's shareholders. It will not have a material impact on the company's financial condition, operating results or debt-servicing capacity, will not result in a change in control of the company, will not change the company's listing status, and will not harm the interests of shareholders (particularly minority shareholders).