Ping An of China (02318.HK) plans to cancel 103 million A-shares that have been repurchased.

DigiTimes Financial News APP, China Ping An (02318.HK) announced that the company held the 7th meeting of the 13th Board of Directors on March 19, 2025, and the 2024 Annual Shareholders' Meeting, the first A-share category shareholders' meeting, and the first H-share category shareholders' meeting in 2025 on May 13, 2025. The meeting approved the proposal to cancel the repurchased A shares, reduce the registered capital, and revise the Company's Articles of Association accordingly, and agreed to cancel 103 million A shares repurchased under the A-share repurchase program in 2021.