Songcheng Performance adjusts capital, amends articles after share cancellation

Songcheng Performance Development Co., Ltd. held its Ninth Board of Directors' Second Meeting on August 26, 2025, where it approved a resolution to change the registered capital and amend the Articles of Association. The company's total share capital will decrease from RMB 2,622,682,940 to RMB 2,622,537,940. This change follows the repurchase and cancellation of 70,000 restricted shares on June 19, 2025, from a former incentive recipient under the 2023 Restricted Stock Incentive Plan.

The Articles of Association will be revised accordingly, including changes to Article VI (Registered Capital) and Article XXXVIII, which renames the "Strategy Committee" to "Strategy and Sustainable Development Committee" and expands its responsibilities to include environmental, social, and governance strategies. These changes are subject to approval at the company's Second Extraordinary General Meeting of 2025 and final registration with market supervision authorities.