Yili Industrial Group reduces capital after share repurchase, cancellation

Inner Mongolia Yili Industrial Group Co., Ltd. (Yili) announced a reduction in its registered capital from CNY 6,365,900,705.00 to CNY 6,325,360,667.00. This change follows the cancellation of 40,540,038 shares repurchased for CNY 1,006,823,221.86. The repurchase was part of a scheme approved at the 2023 Annual General Meeting on May 20, 2024, and was intended to decrease the company's registered capital.

The repurchase program, which commenced after the 2023 AGM, was completed by May 19, 2025, with the shares subsequently cancelled on May 20, 2025. This action aligns with Yili's previously approved plan to use no less than CNY 1 bn and no more than CNY 2 bn of its own funds for share repurchases at a price not exceeding CNY 41.88 per share.

Concurrently, Yili held its First Extraordinary General Meeting of 2025 on November 28, 2025, where shareholders approved, among other resolutions, the cancellation of the Supervisory Board and amendments to the company's articles of association. Creditors are advised to submit claims within 30 days of receiving notification or 45 days from the announcement date to request debt settlement or guarantees, with the deadline for submissions being January 12, 2026.