Tonfen Electronics Plans to Repurchase and Cancel 214,400 Shares of Restricted Stock; Registered Capital to Decrease to 630.49 Million Yuan

[Finance Website News] On March 16, Copper Peak Electronics (600237) announced the change of registered capital and the revision of the “Articles of Association.” The company plans to repurchase and cancel 214,400 restricted shares held by five former incentive recipients who have left the company. After this adjustment, the total share capital will decrease to 630.49 million shares, and the registered capital will be adjusted accordingly.

The announcement shows that the company’s 10th Board of Directors approved the relevant proposal at the 16th meeting on March 14, 2026. The repurchase and cancellation involve two scenarios: three incentive recipients who have terminated their employment due to reasons beyond their control, such as job transfers, and two who resigned for personal reasons. All of these individuals are no longer eligible for incentives.

It is worth noting that this is the company’s second repurchase and cancellation of restricted shares within half a year. In October 2025, the company repurchased and canceled 5,000 restricted shares held by one former incentive recipient, reducing the total share capital from 630,709,155 shares to 630,704,155 shares.

According to the revised “Articles of Association,” the company will adjust related clauses regarding registered capital and total shares: Article 6 will change the registered capital from 630.709155 million yuan to 630.489755 million yuan; Article 21 will adjust the total number of shares from 630.709155 million to 630.489755 million, with the share structure remaining as common stock.

The announcement emphasizes that the revision of the “Articles of Association” still requires approval at the company’s general meeting. Market analysts point out that the company strictly enforces relevant regulations on equity incentive plans and promptly repurchases and cancels shares that do not meet incentive conditions, which helps maintain the stability of the company’s equity structure and protect shareholders’ interests.

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Editor: Xiao Lang Kuai Bao