Milkground cancels 200m shares, cuts registered capital

Shanghai Milkground Food Tech Co announced plans to cancel 200 million shares of repurchased stock, bought back between December 2021 and September 2022.

The shares were part of a larger 1 billion share repurchase but were not used for the 2025 employee stock ownership plan and are nearing their retention deadline of September 22, 2025.

The cancellation will reduce total share capital from 512,053,647 shares to 510,053,647 shares, cutting registered capital from 512,053,647 yuan to 510,053,647 yuan.

The board approved the changes on August 4, 2025. The company said the share cancellation will positively impact earnings per share.