---
title: "Genimous Technology: Plans to cancel 5.5 million shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/260653556.md"
description: "Genimous Technology announced that the company will cancel 5.5 million shares and change the purpose to reduce registered capital. This move aims to enhance long-term investment value and earnings per share, boosting investor confidence. After the cancellation, the total share capital will decrease from 1.265 billion shares to 1.26 billion shares"
datetime: "2025-10-10T13:55:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/260653556.md)
  - [en](https://longbridge.com/en/news/260653556.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/260653556.md)
generator: "portal-rs"
---

# Genimous Technology: Plans to cancel 5.5 million shares

Genimous Technology announced that the company will hold the 11th meeting of the 10th Board of Directors and the 10th meeting of the 10th Supervisory Board on October 10, 2025, to review and approve the proposal on changing the purpose of part of the repurchased shares and canceling them. The company will change the purpose of 5.5 million shares repurchased in 2024 from "for implementing the employee stock ownership plan or equity incentive" to "for cancellation and reduction of registered capital." After the cancellation is completed, the company's total share capital will change from 1.265 billion shares to 1.26 billion shares. This move aims to enhance the company's long-term investment value, improve earnings per share, and boost investor confidence

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**