Red Star Macalline sets EGM for strategic approvals, capital reduction

Red Star Macalline Group Corporation has announced an Extraordinary General Meeting (EGM) for January 16, 2026, to consider several resolutions. These include estimated provisions of financial assistance by the company, projected related party transactions with financial institutions for 2026, and the cancellation of repurchased A Shares.

The company plans to cancel 1,044,800 repurchased A Shares, reducing the total share capital from 4,354,732,673 shares to 4,353,687,873 shares. This will also decrease the registered capital from 4,354,732,673 yuan to 4,353,687,873 yuan. The estimated new financial assistance for managed shopping mall partners in 2026 will not exceed 10.00 million yuan.

Additionally, the EGM will address related party transactions with Xiamen International Bank and C&D Leasing for 2026. Maximum balances for these transactions include 200 million yuan for deposit services and 2,000 million yuan for loan services with Xiamen International Bank, and 500 million yuan for financial leasing with C&D Leasing.