FilingReader Intelligence

Media group completes share buyback and cancellation

July 4, 2025 at 11:00 AM UTCBy FilingReader AI

Chinese Universe Publishing And Media Group has completed the buyback and cancellation of 27,517,188 shares, effective July 7, 2025, as part of a performance compensation agreement. This action stems from two subsidiaries, namely Jiangxi Education Media Group Co., Ltd. and Jiangxi University Press, failing to meet their 2024 performance targets. The total compensation obligation from Jiangxi Publishing Media Group, the parent company, was CNY 262,238,806.41. The company repurchased the shares at a total price of CNY 1 and subsequently canceled them. Following the cancellation, the total number of shares outstanding will decrease from 1,395,022,307 to 1,367,505,119, and the registered capital will be adjusted accordingly. The company confirms that the buyback and cancellation will not materially impact its operations or financial standing.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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