Longshine Technology cancels shares, reducing total capital

Longshine Technology Group announced the completion of the cancellation of 2,011,515 repurchased shares on November 5, 2025. This action follows resolutions passed by the board on August 21, 2025, and shareholders on September 8, 2025. These shares, representing 0.1862% of the company's current total share capital, were part of a repurchase program initiated in 2022.

The original share repurchase program, approved on April 26, 2022, aimed to repurchase shares for an equity incentive or employee stock ownership plan, with a total value between 50,000,000 yuan and 100,000,000 yuan and a maximum price of 34.88 yuan per share. The company repurchased the 2,011,515 shares between May 6, 2022, and June 17, 2022, at prices ranging from 20.29 yuan to 29.15 yuan per share, totaling 50,992,112.17 yuan.

As the repurchased shares were not fully utilized within 36 months of the repurchase's completion in June 2025, the company proceeded with their cancellation. Post-cancellation, the total share capital of Longshine Technology Group has decreased to 1,078,235,821 shares from 1,080,247,336 shares. The company will now update its Articles of Association and complete relevant registration procedures.