ST Zhizhi announced that the company previously reviewed and passed a bill to change the use of some of the repurchased shares and cancel them, canceling 5.4946 million shares in the special repurchase account and reducing the registered capital. The share cancellation process has been completed, and the total share capital was reduced from 494 million shares to 489 million shares. Recently, the company completed the procedures for repurchasing shares, reducing the registered capital, industrial and commercial registration, and filing of the “Articles of Association”. The registered capital was reduced from 494 million yuan to 489 million yuan, and a renewed business license was obtained.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.