IKD adjusts capital, amends articles after share repurchase

IKD announced a change in its registered capital and a revision to its Articles of Association, effective November 15, 2025. This decision, approved by the board of directors and shareholders on November 14, 2025, follows the repurchase and cancellation of a portion of restricted shares under the company's sixth restricted stock incentive plan.

The company's registered capital has decreased from RMB 103,024.1514 million to RMB 103,013.2514 million. This adjustment is due to the departure of 30 initial grantees from the sixth restricted stock incentive plan, leading to the repurchase and cancellation of 109,000 restricted shares. The shares were canceled on October 27, 2025.

The revised Articles of Association reflect this change in registered capital and total share count, which now stands at 103,013.2514 million shares, all common shares with a RMB denominated face value. These amendments were approved through a special resolution, with over two-thirds of voting shareholders in favor.