On the evening of October 29, ZJ INNOLIGHT (300308) announced that its board of directors has approved a proposal to change the purpose of 5.6531 million A-shares held in the company's dedicated repurchase securities account from "implementing an employee stock ownership plan or equity incentive plan" to "canceling them and reducing registered capital."
After the cancellation is completed, the company's total share capital will decrease from 1.178 billion shares to 1.172 billion shares.
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