zhejiang xinnong chemical announcement, based on actual operation circumstances, combined with the company's overall global strategy planning, continuous value growth, stock-based incentive scale, and other factors, it is intended to change the purpose of repurchasing 0.1421 million shares stored in the repurchase dedicated securities account, from the original plan of "to implement stock-based incentives or employee stock ownership plans" to "to cancel and correspondingly reduce the registered capital", and cancel 0.1421 million shares and reduce the corresponding registered capital. After this cancellation is completed, the company's total shares will decrease from 0.156 billion shares to 0.15585793 billion shares, and the registered capital will decrease from 0.156 billion yuan to 0.15585793 billion yuan.