Sanyuan Foods to cut capital after share repurchase

Beijing Sanyuan Foods Co., Ltd. is undertaking a significant reduction in its registered capital from RMB 1,509,176,043 to RMB 1,502,089,065, triggered by the repurchase and cancellation of 7,086,978 restricted shares. This decision, approved by the board on August 19, 2025, and by shareholders on September 5, 2025, comes after the company's 2024 performance did not fully meet targets for its 2022 restricted stock incentive plan.

The repurchase includes shares from 167 incentive recipients due to unfulfilled performance targets, and additional shares from 23 individuals due to retirement, job changes, or other personal reasons. Creditors are advised to submit claims for debt repayment or guarantees from September 6, 2025, to October 20, 2025.

The general meeting on September 5, 2025, also approved changes to the registered capital and amendments to the company's articles of association, along with a guarantee for a New Zealand subsidiary's bank loan and a change in the accounting firm. These resolutions, including the capital reduction, were passed with significant shareholder support.