Hexing Electrical to cancel repurchased shares

Hexing Electrical (SSE:603556) announced its plan to cancel 2,419,870 repurchased shares, representing 0.4952% of the company's total share capital. The share cancellation, scheduled for March 12, 2025, will reduce the total number of outstanding shares from 488,684,040 to 486,264,170. The company confirmed that the cancellation will not affect its listing status, controlling shareholders, or debt-paying capabilities. The repurchased shares were acquired through a share repurchase program approved in March 2022, with a total amount of 30,005,345.2 yuan. The company has completed creditor notification procedures.