Chinese Universe Publishing reduces capital after share repurchase

Chinese Universe Publishing And Media Group announced the repurchase and cancellation of 20,146,400 shares, leading to a reduction in registered capital from yuan 1,367,505,119 to yuan 1,347,358,719. This action follows the termination of an asset acquisition agreement, initially approved on November 18, 2025, by the board and subsequently by shareholders on December 4, 2025. Creditors are notified to declare claims within 45 days.

Shareholders approved the termination of the "Agreement on Issuance of Shares and Payment of Cash to Purchase Assets" and other related agreements. The repurchase and cancellation of shares were part of the special resolution that received over two-thirds of the effective voting rights present at the shareholders' meeting.

The resolutions, including the capital reduction and related amendments to the articles of association, were passed during the third interim shareholders' meeting held on December 4, 2025. Beijing Zhonglun (Guangzhou) Law Firm confirmed the meeting's compliance with legal procedures and the validity of its resolutions.