Qiaoxin Announces 25% Cash Reduction, New Shares to List on 9/7

Qiaoxin (1563-TW), a global leader in automotive wheels, announced on August 27 that it has filed a plan for a 25% cash reduction and share issuance for 2026. The company will return 2.5 yuan per share to shareholders, increasing the net asset value per share from 38.02 yuan to 47.25 yuan. The last trading day for the old shares is set for August 26.

Qiaoxin's old shares will be suspended from trading from August 27 to September 4, with new shares expected to officially list on September 7.

Qiaoxin explained that this cash reduction is primarily based on overall financial planning considerations. Given the company's abundant operating funds and stable cash flow, it will return funds to shareholders to better utilize idle funds, optimize the capital structure, and further improve the return on equity (ROE) and earnings per share (EPS), continuously creating the maximum long-term investment value for shareholders.

This cash reduction will eliminate 56,402,035 shares, reducing the capital by 564 million yuan. The paid-in capital will decrease from 2.256 billion yuan to 1.692 billion yuan, with the circulating shares adjusted to 162 million shares (excluding treasury shares). Based on the first quarter's audited financial statements, the net asset value per share will significantly increase to 47.25 yuan after the reduction.

Looking ahead to the rest of the year, Qiaoxin noted that with the steady recovery of demand for customized forged aluminum wheels from European and American supercar and luxury automobile brands, the continuous improvement of the penetration rate of its recycled aluminum materials, and the stable delivery of new semiconductor front-end equipment components business, the company is confident in achieving record-high revenue for the year.