Lomon Billions group reduces capital, expands globally, acquires assets

Lomon Billions Group successfully completed the industrial and commercial change registration for a reduction in its registered capital. The capital decreased from RMB 2,386,293,256 to RMB 2,384,248,056 due to the cancellation of restricted shares from employee stock incentive plans. This reduction follows the repurchase and cancellation of a total of 1,001,200 restricted shares due to employee departures and performance-related disqualifications.

In parallel, Lomon Billions Group's subsidiary, Billions (Hong Kong) Company Limited, plans to establish two new wholly-owned foreign subsidiaries. These include LB ADVANCED MATERIAL ASIA SDN. BHD. in Malaysia with a registered capital of $5 million, and LB BRITISH TITANIUM INDUSTRY CO., LTD in the UK with a registered capital of $50 million. These expansions align with the company's strategy to enhance its global presence and market share.

Additionally, the board of directors approved the acquisition of assets related to Venator UK's titanium dioxide business. These strategic moves were ratified during the Eighth Board of Directors' Twenty-Second Meeting on October 15, 2025, alongside other corporate governance revisions.