Songcheng Performance Cancels Shares and Reduces Capital, Registered Capital Falls to 2.60887 Billi…
Songcheng Performance announced on September 8 that its total share capital will change from 2.62469 billion shares to 2.60887 billion shares, involving the cancellation of 11,752 shares under the 2023 restricted stock incentive plan that failed to meet conditions and 15.805012 million shares in the repurchase special account. The registered capital will be synchronously changed to 2.60887 billion yuan, and creditors may declare claims within 45 days starting September 9.
Impact and considerations
The share cancellation and capital reduction reflect unmet equity incentive targets and repurchased share disposal, potentially affecting investor assessment of corporate governance and capital structure.
Key points
- Total share capital changed from 2.62469 billion shares to 2.60887 billion shares.
- Cancellation of 11,752 shares under the 2023 restricted stock incentive plan that failed to meet conditions.
- Cancellation of 15.805012 million shares in the repurchase special account.
- Registered capital synchronously changed to 2.60887 billion yuan.
- Creditors may declare claims within 45 days starting September 9.
Sources and time
- Primary source
- 执惠
- Other sources
- 0
- First source publication
- 10 Sept 2026, 08:00
- Page published
- 11 Sept 2026, 00:02
- Last updated
- 10 Sept 2026, 08:00
- Original links
- TripVivid：宋城演艺注销股份减资 - 执惠 (opens in a new tab)Primary source · zh · Published 10 Sept 2026, 08:00