Auread: Partial performance compensation shares repurchase cancellation completed, uncertainty remains in the compensation of Zuo Chu two people.

date
13/11/2025
Aurora announced that because its wholly-owned subsidiary failed to achieve the performance commitment of a major asset restructuring in 2015, the performance compensation obligor must compensate. 12,065,449 shares to be compensated by 8 performance compensation obligors such as Suzhou Songhe have been transferred to the company's repurchase special account and will be cancelled on November 14th. After the completion of this repurchase cancellation, the total share capital of the company will be reduced to 2,751,447,394 shares. However, the performance compensation obligors Zuo Hongbo and Chu Shuxia should compensate a total of 390,706,608 shares, but their shares have all been judicially frozen, and there is significant uncertainty in the company's pursuit of their performance compensation shares and cash.