Aupu Tech completes share repurchase, triggering equity shift

Aupu Home Style Corporation (SSE:603551) announced the completion of its share repurchase program, executed through centralized bidding, between February 22, 2024, and February 14, 2025. The company repurchased 9,670,000 shares, representing 2.4179% of its total share capital, at prices ranging from ¥9.08 to ¥11.30 per share, totaling ¥10,003.26 million. These shares are slated for cancellation, reducing the company's registered capital. Post-cancellation, the shareholding of Tricosco Limited, Aupu Tech's controlling shareholder, will passively increase from 62.1570% to 63.6971%. The repurchase and subsequent equity shift will not affect the company’s control structure or operations.