Raytron Technology announced the cancellation of 4.9636 million shares held in its special repurchase account, representing 1.05% of the total share capital prior to the cancellation. Following the cancellation, the company's total share capital decreased from 471 million shares to 466 million shares, with a corresponding reduction in registered capital. The cancellation date is August 11, 2026. The company previously held board and extraordinary general meetings in June 2026, approving the change in use of the repurchased shares from employee stock ownership plans or equity incentives to cancellation and capital reduction. Since October 2023, the company has implemented two repurchase programs, repurchasing a total of 8.2636 million shares. After this cancellation, 3.3 million shares remain in the special repurchase account, intended for employee stock ownership plans.
Raytron Technology Co LtdCancellation of repurchased shares reduces share count, boosting per-share metrics.
