Shengyi Technology announces capital reduction and creditor notification

Shengyi Technology announced a capital reduction through the repurchase and cancellation of 143,700 restricted shares. This decision, approved by the board of directors and supervisors on August 15, 2025, follows the departure of five incentive participants from the 2024 Restricted Stock Incentive Plan, making them ineligible for their unvested shares. Following the cancellation, the company's total share capital will decrease from 2,429,262,930 shares to 2,429,119,230 shares.

The change in registered capital and amendments to the company's articles of association were further approved at an extraordinary general meeting on September 3, 2025. Creditors are now invited to declare their claims within 30 days of receiving notification or 45 days from the announcement disclosure date, as required by the Company Law of the People's Republic of China.

The company assures that outstanding debts will be honored according to original agreements, and the capital reduction will proceed as per legal procedures. Creditors can submit claims with supporting documents to the company's board secretary office in Dongguan, Guangdong, from September 4, 2025, during business hours.