老凤祥股份有限公司关于对全资子公司中国第一铅笔有限公司进行减资的进展公告

Group 1 - The company announced the progress of capital reduction for its wholly-owned subsidiary, China First Pencil Co., Ltd. [1][2] - The board of directors approved the internal transfer of 20.50% equity held by China First Pencil in Shanghai Laofengxiang Co., Ltd. to the parent company, resulting in the parent company's direct shareholding in Shanghai Laofengxiang increasing from 57.51% to 78.01% [2][3] - The capital reduction will decrease the registered capital of China First Pencil from 46.1125 million RMB to 20 million RMB, while the parent company maintains a 100% ownership of China First Pencil [3][4] Group 2 - The capital reduction registration has been completed, and the new business license was issued by the Market Supervision Administration of Songjiang District, Shanghai [4] - The updated details of China First Pencil include a registered capital of 20 million RMB, with the company type classified as a wholly foreign-owned enterprise [4][5] - The business scope of China First Pencil includes the production and sale of various pens and related educational supplies, as well as other business activities such as import and export [5]