Sunwoda Electronic Co., Ltd. announced the cancellation of 729,500 treasury shares, with a corresponding reduction in registered capital. The company's third extraordinary general meeting of shareholders in 2026 approved the relevant proposal, agreeing to cancel shares in the repurchase special securities account that are approaching the three-year mark and have not been used for equity incentives or employee stock ownership plans. After the cancellation, the company's total share capital will decrease from 1,847,462,446 shares to 1,846,732,946 shares, and registered capital will decrease from 1,847,462,446 yuan to 1,846,732,946 yuan. The company has notified creditors, who have the right to demand repayment of debts or provision of corresponding guarantees within 45 days from the date of the announcement.
Sunwoda ElectronicCancellation of treasury shares reduces share count, potentially increasing EPS and signaling capital management.