Xingda International's target company executes RMB151.62m capital reduction

Xingda International Holdings announced a capital reduction of RMB151.62 million in its target company, following agreements with Chengshan Group, Sailun Group, Triangle Tyre, Linglong Tire, and Dongying Rongju. The move, formalized on June 25, 2025, sees the company's stake increase from 70.32% to approximately 74.25%. Consequently, the target company’s registered capital will decrease from RMB2,862.26 million to RMB2,710.64 million. This transaction results in Chengshan Group, Sailun Group, Triangle Tyre, Linglong Tire, and Dongying Rongju ceasing to be shareholders. The company assured that financial results will continue to be consolidated into the group's statements. The reductions are in line with prior capital increase agreements and the discontinued proposed spin-off of Jiangsu Xinda, allowing withdrawing parties to receive their contributions back with 8% annual interest.