Jing Hong Fashion Group to increase registered capital

Jing Hong Fashion Group (SSE:603518) announced plans to increase its registered capital from RMB 345,460,513 to RMB 345,575,784. The decision follows the cancellation of 392,000 shares related to the second phase of the employee stock ownership plan, coupled with an increase of 507,271 shares due to bond conversions. These proposed changes to the registered capital will necessitate amendments to the company's Articles of Association. The board of directors approved these changes at its 35th meeting on February 11, 2025, and the proposed amendments will be submitted for shareholder approval at an upcoming general meeting. The company also reaffirmed its commitment to disclosing information through the Shanghai Securities News, China Securities Journal, Securities Times, and the Shanghai Stock Exchange website.