PCI-Suntek to cancel repurchased shares, notifies creditors

PCI-Suntek Technology (SSE:600728) announced its plan to cancel 10,204,924 repurchased shares, originally earmarked for employee stock ownership or equity incentives, and will reduce its registered capital accordingly. The decision, approved at the company's board and shareholder meetings in March 2025, reflects PCI-Suntek's confidence in its future and commitment to increasing long-term investor value. This cancellation triggers a notification to creditors, who have 45 days from the announcement date to claim debt repayment or request guarantees, according to PRC Company Law. The company has provided details for creditors to claim debt repayment.