Shanghai Yaoji Technology announces share repurchase, board structure changes

Shanghai Yaoji Technology announced the repurchase and cancellation of 50,000 restricted shares from a former employee, Liang Meifeng, who is no longer eligible for incentive. This action, approved on October 29 and November 18, 2025, will reduce the company's registered capital by 50,000 yuan. Creditors are invited to declare their claims within 45 days from November 18, 2025.

In related developments, the company's supervisory committee and supervisor positions, including those held by Wang Qinfang, Bian Guohua, and Jiang Yuying, have been abolished. Their duties will be transferred to the board's audit committee, effective November 18, 2025. Concurrently, Ji Wenjun was appointed as a non-independent director, serving until the end of the sixth board of directors' term.

Ji Wenjun, born in 1980, is a Chinese national with a background in accounting and management. She holds positions as a director, strategic committee member, deputy general manager, and chief financial officer within the company. She does not hold any company shares and is not related to any major shareholders, actual controllers, or other directors or senior management.