Summary by Futu AI
CMOC announced on October 28, 2024, that it will cancel 99,999,964 A shares repurchased under the repurchase 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 seek 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 shareholders' meeting will review this matter, and relevant notices will be sent to the shareholders. CMOC repurchased the above shares between September 1 and December 16, 2021, under the repurchase scheme and decided to cancel them as they were not used within 36 months for stock-based incentives or employee share ownership plans.