Focus Lightings to cancel repurchased shares, reduce registered capital
Focus Lightings Tech (SZSE:300708) announced its intention to change the use of previously repurchased shares, opting to cancel them and consequently reduce the company's registered capital. A total of 32,831,660 shares held in a dedicated securities account are slated for cancellation. This action will reduce the company's total share capital from 680,152,346 shares to 647,320,686 shares, and the registered capital will also decrease from CNY 680,152,346 to CNY 647,320,686. The decision, approved by the board and supervisory board, is still pending shareholder approval at the upcoming extraordinary general meeting in 2025. The company believes this move will enhance investor confidence and improve shareholder returns.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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