Dehua TB to reduce capital by repurchasing shares

Dehua TB New Decoration Material (SZSE:002043) has announced a plan to repurchase and cancel 2,304,443 restricted stocks due to unmet performance targets and ineligibility of certain incentive recipients. The decision, approved at the annual general meeting on May 16, 2025, will reduce the company’s total share capital from 832,058,923 shares to 829,754,480 shares. Consequently, the registered capital will decrease from CNY 832,058,923 to CNY 829,754,480. The company is notifying its creditors, who have 30 days from the date of notification or 45 days from the public announcement to claim debt repayment or request corresponding guarantees, as per legal requirements. This move was part of several resolutions passed at the shareholder meeting, which included the 2024 earnings report, director and supervisor reports, and plans for 2025.