Giant Network: It plans to cancel 34.1886 million repurchased shares and reduce its registered capital.
Giant Network announced that the company held a board meeting in 2026 to review and approve the proposal to cancel a portion of the repurchased shares and reduce the registered capital. It is proposed to cancel 34,188,640 treasury shares, reducing the total share capital from 1,934,750,611 shares to 1,900,561,971 shares, and correspondingly reducing the registered capital. From 2022 to 2023, the company repurchased 34,188,640 shares for 3.00 billion yuan, accounting for 1.7052% of the total share capital at that time. Since the repurchased treasury shares have been unused for three years, the company plans to cancel them. This proposal still needs to be submitted for review at the first extraordinary general meeting of shareholders in 2026.
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