Lucky Harvest to reduce capital via stock cancellation

Dongguan-based Lucky Harvest Technology Co., Ltd. (SZSE: 002965) announced plans to reduce its registered capital by repurchasing and cancelling 69,900 restricted shares previously granted to 29 incentive recipients. The decision follows the exit of one employee and performance-based vesting adjustments for others, with the company citing compliance with relevant regulations. Post-cancellation, Lucky Harvest's total share capital will decrease from 204,208,638 shares to 204,138,738 shares, reducing registered capital by just over 69,000 yuan. Creditors are now being formally notified and have 45 days to claim potential debt settlements, as required by company law. The decision was ratified at the company's recent board and shareholder meetings.