Mesnac completes buyback and cancellation of restricted shares

Mesnac (SZSE:002073) announced the completion of its repurchase and cancellation of restricted shares on March 19, 2025. The action, approved by the board in December 2024, involves 200,000 shares previously granted to an employee who has since left the company. These shares, representing 0.02% of Mesnac's total share capital, were repurchased at CNY 4.00 per share, totaling CNY 800,000, sourced from the company's own funds. The cancellation reduces the total number of restricted shares to 28,768,650 and Mesnac's total share capital to 1,019,328,823 shares. The company assures that the buyback will not materially impact its financial status, operations, or management team's effectiveness.