Milkground completes registration changes after share repurchase, capital reduction

Shanghai Milkground Food Technology Co. (Milkground) has announced the completion of its industrial and commercial change registration, obtaining an updated business license from the Shanghai Administration for Market Regulation. These changes primarily involve amendments to the company’s registered capital and corresponding revisions to its Articles of Association, stemming from the repurchase and cancellation of restricted shares and previously repurchased shares.

The amendments were approved through several board meetings in 2023, 2024, and 2025, and ultimately ratified by the second extraordinary general meeting of shareholders in 2025. The registered capital is now RMB 510,053,647.

Detailed announcements regarding these revisions to the Articles of Association were previously disclosed on various financial media outlets and the Shanghai Stock Exchange website between August 29, 2023, and July 18, 2025. The official date of this announcement is November 29, 2025.