C&S Paper to reduce registered capital, notifies creditors

C&S Paper Co., Ltd. (SZSE:002511) announced plans to reduce its registered capital after the resolution was passed at the annual shareholders' meeting on May 19, 2025. The decision follows the company's plan to repurchase and cancel 6.1782 million restricted shares granted under the 2022 stock option and restricted stock incentive plan due to employee departures and unmet performance targets. The reduction will decrease the registered capital from CNY 129,255,601.3 to CNY 128,637,781.3, and the total number of shares outstanding will decrease from 129,255,601.3 to 128,637,781.3. Creditors have 45 days from the date of this announcement to request debt repayment or guarantees by submitting valid debt documents to the company. C&S Paper provided contact information and submission details for creditor claims.