Desay SV Automotive completes restricted stock repurchase and cancellation

Huizhou Desay SV Automotive (SZSE:002920) announced the completion of its repurchase and cancellation of restricted shares. The cancellation involved 10,133 shares from five incentive recipients, repurchased at a price of CNY 46.19 per share. With the completion of the cancellation, the company's total share capital has been reduced from 554,959,434 shares to 554,949,301 shares. The company confirmed that the repurchase and cancellation process was compliant with relevant laws, regulations, and the company's articles of association, and will not materially impact its financial standing or operations.