Deppon Logistics to reduce capital by cancelling employee plan shares

Deppon Logistics Co., Ltd. will reduce its registered capital by repurchasing and cancelling 2,926,900 shares from its second phase employee stock ownership plan. This action follows the approval by the board of directors on November 28, 2025, and shareholders on December 15, 2025. As a result, the company's total shares will decrease from 1,019,815,388 to 1,016,888,488, and its registered capital will fall from yuan 1,019,815,388 to yuan 1,016,888,488.

Creditors are notified to claim their rights within 45 days from December 16, 2025, by submitting written requests and supporting documents. The company has also announced leadership changes, with Mr. Wang Zhenhui elected as chairman of the sixth board of directors, and Mr. Liu Bicheng appointed as deputy general manager, effective December 15, 2025.

The shareholder meeting on December 15, 2025, also approved the estimated daily related party transactions for 2026 and re-elected non-independent directors, demonstrating shareholder support for these strategic decisions.