FilingReader Intelligence

Range Technology to cancel shares after performance pledge breach

May 20, 2025 at 05:20 PM UTC•By FilingReader AI

Shanghai Precise Packaging, now known as Range Technology (SZSE:300442), announced it will repurchase and cancel 87,138,076 of its shares at a total price of CNY 1.00. This decision stems from Runze Development, a subsidiary acquired in 2020 via asset restructuring, failing to meet its 2024 performance targets as per the profit forecast compensation agreement.

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

Primary Source Document

Announcement on Repurchasing and Cancelling Part of the Shares to Reduce Registered Capital and Notifying CreditorsMay 20, 2025 at 05:08 AM UTC

Supplementary Source Documents

Huatai United Securities Co., Ltd.'s 2024 Continuing Supervision Opinion on Runze Intelligent Computing Technology Group Co., Ltd.'s Major Asset Replacement, Issuance of Shares to Purchase Assets and Raise Supporting Funds and Related TransactionsMay 20, 2025 at 05:08 AM UTC

Shanghai Precise Packaging

SZSE:300442•Shenzhen Stock Exchange

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