Century Huatong to cancel repurchased shares, reduce registered capital

Zhejiang Century Huatong Group Co., Ltd. (SZSE:002602) announced a change in the purpose of 1,280,000 repurchased shares. Previously designated for "equity incentive plan, employee stock ownership plan, or reduction of registered capital," these shares will now be specifically for "cancellation and reduction of registered capital." This decision follows a resolution passed by the board of directors on December 5, 2025. The shares, representing 0.0172% of the current total share capital, were initially repurchased in 2022 at a total cost of CNY 5,732,400.00.

Upon cancellation, the company’s total share capital will decrease from 7,428,083,118 shares to 7,426,803,118 shares, and the registered capital will decrease by CNY 1,280,000. This move aims to protect shareholder interests and enhance long-term investment value, aligning with relevant corporate and securities regulations. The board has called for the 2025 Sixth Extraordinary General Meeting on December 22, 2025, to approve this change and authorize management to handle necessary procedures.