Dahua Tech to reduce registered capital via share buyback

Zhejiang Dahua Technology (SZSE:002236) announced plans to reduce its registered capital, commencing with a buyback of shares and subsequent cancellation. The decision, approved at the April 21, 2025, shareholders meeting, includes the cancellation of 20,544,960 restricted shares held by 3,837 incentive recipients due to unmet performance targets and employee departures tied to a 2022 stock incentive plan. This will reduce share capital from 3,294,584,502 to 3,274,039,542.