---
title: "SMHC: Plans to repurchase and cancel 1.3694 million restricted shares for 11.8748 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/263706288.md"
description: "SMHC announced plans to repurchase and cancel 1.3694 million restricted shares due to the failure to meet performance targets for the 2024 fiscal year. The repurchase price is RMB 8.67172 per share, with a total amount of RMB 11.8748 million, funded by its own capital. The repurchase and cancellation are expected to be completed on November 5 and will be registered for industrial and commercial changes"
datetime: "2025-10-31T09:58:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/263706288.md)
  - [en](https://longbridge.com/en/news/263706288.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/263706288.md)
---

# SMHC: Plans to repurchase and cancel 1.3694 million restricted shares for 11.8748 million yuan

SMHC announced that due to the failure to meet the target values for the 2024 annual non-deduction net asset return rate and non-deduction net profit compound growth rate, the conditions for the third release of the restricted sale period have not been met. The company plans to repurchase and cancel a portion of the restricted stock from the 2021 restricted stock incentive plan that has been granted but not yet unlocked. The number of shares to be repurchased and canceled is 1.3694 million shares, accounting for 0.11% of the total share capital, with a repurchase price of 8.67172 yuan/share, and a total repurchase amount of 11.8748 million yuan, funded by its own funds. The company has submitted the application and expects to complete the repurchase and cancellation by November 5, with subsequent registration of changes in business registration

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