Shengyi Tech revises charter after share buyback, equity incentive changes

** Shengyi Technology (SSE:600183) announced several key updates, including proposed amendments to its Articles of Association following a buyback and changes to its equity incentive plan. The proposed changes, detailed in an official filing, are set to be voted on at the company's 2024 annual general meeting. A total of 97,600 shares repurchased from former incentive recipients will be cancelled, reducing Shengyi Technology's total share count from 2,429,360,530 shares to 2,429,262,930 shares. This will result in a corresponding adjustment to registered capital, decreasing from CNY 2,429,360,530 to CNY 2,429,262,930.