Summary by Moomoo AI
CMOC announced on October 28, 2024, that it will cancel 99,999,964 shares of A shares repurchased under the buyback scheme (second phase), reducing the total number of issued shares from 21,599,240,583 shares to 21,499,240,619 shares. The board of directors of the company decided on the same day to request shareholder approval to amend the company's articles of association to reflect the changes in registered capital and other internal changes after the share cancellation. The matter will be deliberated at a shareholder meeting, and relevant notices will be sent to the shareholders. CMOC repurchased the above shares under the buyback scheme from September 1 to December 16, 2021, and decided to cancel them as they were not used within 36 months for stock-based incentives or employee shareholding plans.