Jiangsu Changbao Steeltube completes capital reduction, updates registration

Jiangsu Changbao Steeltube Co., Ltd. announced the completion of its industrial and commercial change registration. This follows resolutions passed at the Sixth Board of Directors' Fourteenth Meeting on August 21, 2025, and the First Extraordinary General Meeting of Shareholders on September 8, 2025, which approved the proposal to reduce registered capital and amend the company's articles of association.

The company has received a renewed business license from the Changzhou Municipal Government Service Management Office. The updated registration shows a change in the company's registered capital from CNY 90098.6228 million to CNY 90080.4228 million. All other registered items on the business license remain unchanged.

Further details regarding these changes were previously disclosed on designated information disclosure media, including "Securities Times" and Juchao Information Network (www.cninfo.com.cn). This announcement confirms the successful administrative processing of these corporate adjustments.