Genimous Technology completes share repurchase cancellation, reducing capital

Genimous Technology Co., Ltd. has officially completed the cancellation of 5,500,000 repurchased shares, representing 0.43% of the company's total share capital before the cancellation. This action reduces the company's total share capital from 1,265,289,215 shares to 1,259,789,215 shares. The cancellation was confirmed by China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, and finalized on December 19, 2025.

The repurchased shares, initially acquired between 2023 and 2024, were intended for employee stock ownership plans or equity incentives. However, the company's Tenth Board of Directors and 2025 First Interim Shareholders' Meeting approved a change in purpose to cancel and reduce the registered capital.

The company's share repurchase program, approved on January 30, 2023, and adjusted on April 19, 2024, saw the company repurchase 23,698,358 shares at an average price of RMB 6.39 per share, totaling RMB 151,381,248.19. The cancellation is not expected to significantly impact the company's financial condition, operating performance, or corporate governance, ensuring no change in controlling shareholders or listing status.