Teway Food to reduce capital after employee share repurchase

Sichuan Teway Food Group, on August 27, 2025, approved a proposal to repurchase and cancel 281,500 shares from its 2024 employee stock ownership plan at CNY 6.13 per share. This decision, prompted by the departure of nine employees and the unmet performance targets of four others, was subsequently approved at a general meeting of shareholders on October 16, 2025.

The repurchase and cancellation will reduce Sichuan Teway Food Group's total shares and registered capital from 1,064,996,294 shares to 1,064,714,794 shares. Creditors have been notified and have 30 days from receiving notice, or 45 days from the announcement's disclosure, to declare their claims or request guarantees.

The general meeting, presided over by chairman Deng Wenxian, saw 744,365,439 shares represented, constituting 70.1104% of total voting shares. All proposals, including the repurchase and other significant resolutions, were passed by more than two-thirds of the votes.