Cancellation-type repurchases "get together"

　　On October 29, 1,477 listed companies released A-share buyback plans during the year, setting a record high. Some listed companies have changed repurchase purposes and plan to cancel the repurchased shares, resulting in the “canceling” of “cancellation-type” repurchase plans.

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Buyback program hits new highs

Cancellation repurchases also grow

　　Last year, only 518 listed companies disclosed repurchase plans after excluding targeted repurchase impact. Among them, 442 listed companies repurchased for the implementation of equity incentive plans or employee stock ownership plans, and the rest were repurchased and canceled for market value management or other purposes.

　　Same period in 2024, Among the 1,477 listed companies, 907 will implement equity incentive plans or employee stock ownership plans, and the remaining companies will repurchase and cancel them for market value management. Since the beginning of this year, the number of buybacks and cancellations has also hit a new high.

　　Listed companies “cancellation-style” repurchase plans are again “coming together”. Oriental Yuhong issued an announcement on the company's share repurchase plan on the evening of October 28. The company plans to use its own funds or self-raised funds to repurchase some of the company's RMB ordinary shares (A shares) that have been issued domestically through centralized bidding transactions. Stocks are used to cancel and reduce the company's registered capital.

　　Calculated based on the upper limit of 1 billion yuan of the total funds planned to be used for repurchase this time, the number of shares repurchased is expected to be approximately 51.8135 million shares, accounting for approximately 2.13% of the companys total share capital; based on the total amount of funds planned to be used for repurchase this time Calculating the lower limit of 500 million yuan, the number of shares repurchased is expected to be approximately 25.9067 million shares, accounting for approximately 1.06% of the company's total share capital. China Resources Materials announced on the evening of October 28 that the company planned to repurchase shares for 60 million to 110 million yuan to cancel and reduce the company's registered capital.