Century Huatong to cancel shares, reduce capital, and notify creditors

Zhejiang Century Huatong Group announced a change in the purpose of repurchased shares from equity incentive/employee stock ownership to cancellation and reduction of registered capital. The company's board of directors and an extraordinary general meeting approved this resolution.

Following the cancellation of 1,280,000 repurchased shares, the company's total share capital will decrease from 7,371,962,322 shares to 7,370,682,322 shares. Registered capital will similarly be reduced from CNY 7,371,962,322 to CNY 7,370,682,322.

The resolution to change the purpose of repurchased shares was approved with 99.7935% of valid votes at the extraordinary general meeting. Creditors have 30 days from receiving notice, or 45 days from the announcement date, to claim debts or request guarantees by submitting valid supporting documents via mail or email.

Creditor claims should be submitted to the board secretary's office in Shanghai by February 5, 2026. Required materials include contracts and other evidence of debt, along with business licenses and legal representative identification for corporate creditors, or valid ID for individual creditors.