Chanhen Chemical to repurchase shares, reduce capital

Guizhou Chanhen Chemical Corporation (SZSE:002895) announced its plan to repurchase company shares for cancellation and a corresponding reduction in registered capital. The repurchase, approved at board and shareholder meetings, will utilize funds ranging from ¥40 million to ¥80 million, at a price not exceeding ¥24.33 per share. The company has notified creditors that they have 45 days from the announcement date (March 15, 2025) to claim debt repayment or request guarantees, providing necessary documentation either in person, by mail, by fax or email. The share repurchase program is set to be completed within 12 months of the shareholder approval date.