Hangjin Tech completes share repurchase cancellation

Hangjin Technology (SZSE:000818) announced the completion of the cancellation of 19,155,961 repurchased shares on June 4, 2025, representing 2.82% of the company's total share capital prior to the cancellation. The share repurchase plan, initially approved in February 2024, aimed to implement an employee stock ownership plan or equity incentive, with a total repurchase amount between CNY300 million and CNY400 million. However, the company later changed the purpose to reduce registered capital through cancellation, a decision approved in August 2024. Following the cancellation, Hangjin Technology's total share capital has been reduced from 679,156,000 shares to 660,000,039 shares. The company will now proceed with the necessary industrial and commercial registration changes.