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2025-09-12 16:46:47
[CSIC Completes Repurchase and Cancellation of Performance Compensation Shares] ⑴ CSIC announced that due to the failure of some subsidiaries to meet their 2023 performance commitment targets, 16 performance compensation obligors, including China Shipbuilding Industry Corporation, were required to provide performance compensation in the form of shares in accordance with the "Profit Forecast Compensation Agreement." ⑵ The company repurchased the compensation shares of the performance compensation obligors at a total price of RMB 1 and cancelled them all. ⑶ China Shipbuilding Industry Corporation and 16 other compensation obligors have transferred a total of 3.8974 million compensation shares to the company's special repurchase securities account, representing 0.26% of the company's total share capital before the repurchase. ⑷ After the cancellation of performance compensation shares was completed, the company's total number of shares changed from 1.507 billion shares to 1.503 billion shares, and the registered capital was correspondingly reduced from RMB 1.507 billion to RMB 1.503 billion.
