PING AN (02318.HK) Mulls to Cancel 100M+ A-shrs Previously Repurchased

　　PING AN (02318.HK) -1.950 (-5.409%) Short selling $678.13M; Ratio 30.437% announced that it proposed to cancel the about 102 million A-shares repurchased on the SSE from 27 August 2021 to 26 August 2022, representing approximately 0.56338% of the total share capital of the company.

　　The shares under the repurchase were planned to be used exclusively for the employee stock ownership plan of the company, including but not limited to the long-term service plan which has been considered and approved at the general meeting of the company.

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　　However, in view of the companys confidence in its sustainable development, and to safeguard the interests of investors, the company proposes to change the use of the shares under the repurchase, and cancel the repurchased shares, which are deposited in the repurchased securities account of the company.

　　PING AN noted that upon completion of the cancellation, the registered capital and share capital of the company will be decreased accordingly. The cancellation is subject to the consideration and approval of the board and general meeting of the company, while the change of registered capital is subject to the approval of the National Financial Regulatory Administration.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-16 12:25.)

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