Red Star Macalline to cut capital, offer financial aid

Red Star Macalline Group Corporation Ltd. announced plans to cancel 1,044,800 repurchased A shares, reducing its total registered capital from RMB4,354,732,673 to RMB4,353,687,873. This cancellation, approved by the board on December 19, 2025, aims to reward investors and enhance confidence, as the repurchased shares were not utilized for employee stock ownership plans within the three-year validity period.

Concurrently, the company will provide new financial assistance to partners of managed shopping malls, capped at RMB10.00 million for 2026. This support aims to meet capital requirements, deepen business cooperation, and align with strategic development. As of November 30, 2025, the balance of financial assistance provided by the company to these partners was RMB92.4394 million.

These actions, along with proposed amendments to the articles of association, are subject to shareholder approval at an extraordinary general meeting. The company will also implement robust risk control measures, including strict qualification reviews and guarantees, to ensure the safety and recovery of funds.