Robotechnik cuts capital, revises articles after share repurchases

Robotechnik Intelligent Technology’s Board of Directors approved a reduction in registered capital from RMB 167,692,391.00 to RMB 167,608,111.00. This adjustment follows the repurchase and cancellation of 84,280 restricted shares, stemming from the departure of one incentive recipient and the failure to meet 2024 performance targets for the third restricted period of the 2021 restricted stock incentive plan. The repurchase price per share was adjusted due to a 2024 annual dividend distribution. These changes necessitate revisions to the company's Articles of Association, which will be submitted for shareholder approval at the Fourth Interim Shareholders' Meeting on September 15, 2025.

The board also approved a new slate of directors and independent directors, to be elected at the upcoming shareholders' meeting for a three-year term. For 2025, the company will engage BDO China Shu Lun Pan Certified Public Accountants LLP as its audit firm, replacing Ruihua Certified Public Accountants due to contract expiration. The firm also reported a revenue decline of 65.53% to RMB 248,543,963.75 and a net loss of RMB 33,330,185.92 for the first half of 2025, mainly attributed to the cyclical downturn in the photovoltaic industry.