Guizhou Tyre completes share cancellation, reducing total capital

Guizhou Tyre Co. Ltd. announced the completion of the cancellation of 63,900 repurchased shares on November 5, 2025. This action, representing 0.004% of the company's total share capital before the cancellation, reduces total shares from 1,554,688,404 to 1,554,624,504. The registered capital has been correspondingly adjusted.

The shares originated from a buyback program completed on February 21, 2023, where 23,841,900 shares were repurchased at an average price of 5.03 yuan per share, totaling 119,973,151.69 yuan. Of these, 23,778,000 shares were utilized for a restricted stock incentive plan in March 2023. The remaining 63,900 shares were approved for cancellation and reduction of registered capital by the board and shareholders in August and September 2025, respectively.

This cancellation aligns with relevant regulations and is not expected to significantly impact Guizhou Tyre’s financial status, debt-servicing ability, or ongoing operational capacity. The company will proceed with updating its industrial and commercial registration and company articles of association. Following the cancellation, the dedicated share repurchase account retains 6,025,500 shares.