Yutong Heavy Industries plans to cancel 2.4M restricted shares, and the total share capital will change to 531 million shares.

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On April 3, Yutong Heavy Industry Co., Ltd. (hereinafter referred to as “Yutong Heavy Industry”) released an announcement titled “Announcement of Notices to Creditors Regarding the Repurchase and Cancellation of Some Restricted Shares,” stating that the board of directors of the company has approved the plan for the repurchase and cancellation of some restricted shares. The company will cancel a total of 2.3975 million restricted shares, and after the cancellation is completed, the company’s total share capital will change to 531 million shares.

Overview of the Repurchase and Cancellation Plan

The announcement shows that on April 3, 2026, Yutong Heavy Industry held the 13th meeting of the 12th session of the board of directors and approved the proposal titled “Proposal on the Repurchase and Cancellation of Certain Restricted Shares.” According to the proposal, the company will repurchase and cancel 170k shares of restricted stock, and it will handle the cancellation of this portion together with the 2.2275 million restricted shares that had not yet been canceled previously in a unified manner.

The total number of restricted shares to be canceled in this round is 2.3975 million shares (170k shares + 2.2275 million shares). After the cancellation is completed, the company’s total share capital will change from 533 million shares before cancellation (533,304,346 shares) to 531 million shares (530,906,846 shares).

Creditors’ Declaration Arrangements

Because the repurchase and cancellation of the restricted shares in this round will reduce the company’s registered capital, in accordance with relevant laws and regulations such as the Company Law of the People’s Republic of China, the company’s creditors may, within 45 days from the date on which this announcement is disclosed, request the company to repay debts or provide corresponding guarantees by presenting valid documents evidencing their claims and related evidence.

The announcement clearly states that if creditors fail to exercise the above rights within the time limit, it will not affect the validity of their claims. If creditors request the company to repay debts or provide guarantees, they must submit a written request to the company and attach supporting documents. The specific declaration arrangements are as follows:

• Declaration period: From April 7, 2026 to May 21, 2026 (daily 8:30-11:30, 13:30-17:30)
• Contact address: Board of Directors Office, No. 88 Yugong Road, Zhengzhou Economic and Technological Development Zone
• Contact person: Li Yazhen
• Contact number: 0371-85332166
• Fax: 0371-85336608

Regarding declaration materials for creditor claims, creditors must hold the original and photocopies of contracts, agreements, and other evidence that prove the relationship of creditor claims and debts. Among them, legal person creditors must also bring the original and photocopy of the legal person business license, as well as the original and photocopy of the valid identity card of the legal representative; natural person creditors must bring the original and photocopy of a valid identity card. If a proxy is used to submit the declaration, an authorization letter and the original and photocopy of the proxy’s valid identity documents must also be provided.

Details of Changes in Share Capital

Yutong Heavy Industry states that the board of directors and all directors warrant that this announcement contains no false records, misleading statements, or material omissions, and they assume legal responsibility for the truthfulness, accuracy, and completeness of the content. Regarding the specific progress of the implementation of this repurchase and cancellation matter, the company will promptly fulfill its information disclosure obligations in accordance with relevant regulations.

Statement: There are risks in the market; investment requires caution. This article is automatically published by an AI large model based on a third-party database and does not represent Sina Finance’s views. Any information appearing in this article is for reference only and does not constitute personal investment advice. If there are discrepancies, please refer to the actual announcement. If you have questions, please contact biz@staff.sina.com.cn.

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Responsible editor: Xiao Lang Express