Guizhou Tyre reduces capital, cancels shares, notifies creditors

Guizhou Tyre Co., Ltd. has announced a decision to change the purpose of previously repurchased shares from an "equity incentive plan" to "cancellation and corresponding reduction of registered capital." This resolution was approved at the Ninth Board of Directors' Third Meeting on August 27, 2025, and the 2025 Third Interim Shareholders' Meeting on September 15, 2025.

The company will cancel 63,900 repurchased shares from its 2023 repurchase plan, leading to a reduction in total share capital from 1,554,688,404 shares to 1,554,624,504 shares. This results in an equivalent reduction in registered capital from 1,554,688,404 yuan to 1,554,624,504 yuan.

In accordance with company law, Guizhou Tyre is notifying its creditors of this capital reduction. Creditors have 45 days from the announcement date to declare their claims and request debt settlement or corresponding guarantees. Claims can be submitted in person or via mail, fax, or email. The shareholders' meeting also approved other proposals, including the company's 2025-2027 shareholder return plan, the reappointment of accounting firms, and revisions to governance policies.