Launch Tech proposes capital reduction, governance overhaul ahead of November 2025 SGM

Launch Tech Company Limited is proposing to reduce its registered capital from RMB415,788,100 to RMB410,155,600 following the repurchase of H shares. As of September 29, 2025, the company had reduced its H shares to 156,595,600 from 162,228,100, impacting its total share capital of 410,155,600 ordinary shares.

The company also plans comprehensive amendments to its Articles of Association, notably the abolition of the Supervisory Committee and Supervisors, and the establishment of an employee director role. These changes aim to update regulatory compliance, align with operational needs, and enhance corporate governance, with the Audit Committee taking over previous supervisory functions.

Shareholders will vote on these proposals at the SGM on Wednesday, November 19, 2025. Transfers of H shares must be lodged by 4:30 p.m. on Thursday, November 13, 2025, to be eligible to attend and vote, as the share register in Hong Kong will be closed from November 14 to November 19, 2025.