Kingfa Sci & Tech to reduce capital through share cancellation

Kingfa Sci & Tech, as approved by its board and shareholders, will proceed with the repurchase and cancellation of 1,786,669 restricted shares from its 2022 incentive plan. This decision stems from 142 incentive participants failing to meet vesting conditions due to work adjustments or performance shortfalls. The cancellation will reduce the company's total share capital from 2,636,612,697 shares to 2,634,826,028 shares, with a corresponding change in registered capital from yuan2,636,612,697 to yuan2,634,826,028.

Creditors are notified of this capital reduction and have the right to request debt repayment or guarantees. Creditors can submit their claims within 30 days of receiving the company's notification or 45 days from the public announcement date, starting November 1, 2025.

Claims can be filed by mail or in person at Kingfa Sci & Tech Co., Ltd., Securities Department, postal code 510663. Required documents include proof of creditor-debtor relationships, along with identification for individuals or business licenses and legal representative identification for corporate entities.