Shunfa Hengye announces share repurchase, notifies creditors

Shunfa Hengye Corporation (SZSE:000631) announced a share repurchase plan, approved at the company's first extraordinary general meeting of 2025 on February 12, 2025. The company will use its own funds and special loans for stock repurchase in order to carry out the repurchase, and will use the funds obtained to cancel the repurchase. The repurchase involves A shares acquired through centralized bidding, aimed at reducing the company’s registered capital. The total repurchase amount will range from ¥250 million to ¥500 million, with a price not exceeding ¥4.95 per share. The company expects to repurchase approximately 50.51 million to 101.01 million shares over the 12 months following shareholder approval. In accordance with relevant laws and regulations, the company is notifying its creditors, who have 45 days from February 13, 2025, to request debt settlement or guarantees by providing valid proofs of claim.