Riyue Heavy Industry reduces capital after share repurchase

Riyue Heavy Industry will reduce its registered capital and amend its articles of association after repurchasing and cancelling 75,000 restricted shares. These shares, originally part of the 2023 Restricted Stock Incentive Plan, were held by three former employees who no longer meet incentive criteria. The repurchase price was RMB 11.89 per share, totaling RMB 891,750.00, funded by the company's own capital.

Upon completion of the cancellation, the company's total share capital will decrease from 1,030,416,250 shares to 1,030,341,250 shares, with registered capital similarly reduced from RMB 1,030,416,250 to RMB 1,030,341,250. This adjustment aligns with the company's established incentive plan and will not materially impact its financial health or operational performance.

The board of directors approved the share repurchase and capital reduction on October 29, 2025. Creditors have 45 days from this date to submit claims for debt repayment or guarantees. The company’s Q3 2025 financial report shows total assets of RMB 14,243,826,575.10 and a net profit attributable to shareholders of RMB 150,812,234.83 for the quarter, reflecting an increase in product sales.