Chow Tai Seng completes share cancellation, reducing share capital

Chow Tai Seng Jewellery announced the completion of the cancellation of 10,452,372 repurchased shares, representing 0.95% of the company's total share capital prior to the cancellation. This move reduces the total share capital from 1,095,926,265 shares to 1,085,473,893 shares. The cancellation was completed on June 20, 2025, following approval at board and shareholder meetings. The company originally repurchased the shares between July 2021 and March 2022, at a total cost of CNY 169,991,178.76, with the intention of using them for equity incentives or employee stock ownership plans, but decided to cancel them to enhance shareholder value. The share repurchase price ranged from CNY 13.18 to CNY 20.64 per share.