Chanjet Information Technology Co. Ltd. (1588) Announces Domestic Share Repurchase, Capital Reduction, and Capital Reserve Offset

Bulletin Express11-27

Chanjet Information Technology Co. Ltd. (1588) approved a plan on 5 November 2025 to repurchase and cancel certain Domestic Shares held under the 2020 Employee Share Ownership Scheme, reducing the total issued shares from 325,772,499 to 322,230,805. Correspondingly, the registered capital will decrease from RMB325,772,499 to RMB322,230,805. The measure was endorsed at the 2025 first extraordinary general meeting and related class meetings convened on 27 November 2025. Creditors have 45 days from the date of the announcement to request repayment or guarantees, if necessary.

Chanjet Information Technology Co. Ltd. also passed a resolution to use RMB207,061,242 from its capital reserve to offset historical losses. As of 31 December 2024, the company's accumulated loss was RMB207,061,242, and its capital reserve totaled RMB804,825,365. After the offset, the remaining capital reserve will stand at RMB597,764,123, with no impact on the company's registered capital or paid-in capital. The rights and interests of creditors remain unaffected by this action.

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