Shandong Hi-Speed to cancel repurchased shares, notifies creditors

Shandong Hi-Speed Co., Ltd. has announced its intention to cancel repurchased shares and reduce its registered capital. This action follows shareholder approval of a share repurchase plan implemented via centralized bidding. The company repurchased shares within a price range not exceeding CNY 15.45 per share, with a total repurchase amount between CNY 200 million and CNY 300 million. Creditors have 45 days from the date of this announcement to claim their rights, either by demanding debt repayment or requiring corresponding security. The company assures that existing debt obligations will continue to be fulfilled according to the original terms of the debt agreements. Creditors can submit claims with supporting documentation to the company’s board secretariat in Jinan via mail, in person, or email.