Shanghai 2345 Network announces share repurchase plan

Shanghai 2345 Network Holding Group (SZSE:002195) announced plans to repurchase some of its publicly held shares for cancellation, pending shareholder approval at an upcoming meeting. The company intends to use its own funds and/or financing, including bank loans, to repurchase the shares via centralized bidding. The top ten shareholders as of the equity registration date for the shareholder meeting (June 18, 2025) include Shanghai Yanhe Technology Partnership (9.75%), Agricultural Bank of China-CSI 500 ETF (1.50%), and Qushui Xinjia Technology (1.02%). Shanghai Yanhe Technology Partnership also leads the list of the top ten shareholders with no selling restrictions (9.87%).