Milkground to cancel 2m shares, reducing total share capital

Shanghai Milkground Food Technology Co., Ltd. (Milkground) will cancel 2 million repurchased shares, reducing its total share capital from 512,053,647 shares to 510,053,647 shares. The cancellation, approved by the board and shareholders, will be finalized with the China Securities Depository and Clearing Corporation on September 23, 2025. This action follows the successful completion of a 10-million-share buyback program initiated in November 2021.

The remaining 8 million repurchased shares were previously transferred to the company’s 2025 employee stock ownership plan on April 8, 2025. The company disclosed the cancellation and a reduction in registered capital, and the 45-day creditor notice period has concluded without any claims.

Milkground states that this share cancellation will not materially impact its financial health or operations, nor will it alter the controlling shareholder or actual controller. The company's equity structure remains compliant with listing requirements, and it will proceed with necessary industrial and commercial registration updates.