IKD to increase capital, amend charter, and execute buyback

IKD (SSE:600933) announced a series of corporate actions, including increasing its registered capital from CNY98,485,280.4 to CNY98,512,111.6, and amending its Articles of Association to reflect changes due to convertible bond conversions and the granting of restricted stock under its employee incentive plan. To ensure operational continuity, IKD has appointed Yu Chengyun as Deputy General Manager and Qi Guiyu as the new Financial Controller after the resignation of current Financial Controller Xi Haijun. Additionally, the company plans to implement a share repurchase program using funds between CNY100 million and CNY200 million, at a price not exceeding CNY24.17 per share. These repurchased shares will be used for future employee stock ownership or equity incentive plans. These changes were approved at IKD's Fourth Board of Directors meeting.