Xin Fengming to approve charter change at shareholder meeting

Xin Fengming Group (SSE: 603225) announced it will hold its second extraordinary general meeting of shareholders on April 7, 2025, to vote on a resolution to amend the company's articles of association and increase its registered capital. The proposed changes stem from the conversion of convertible bonds issued in April 2021. Between October 14, 2021, and December 31, 2024, a total of 4,879 shares were converted, increasing the company’s total share capital from 152,475,944 to 152,476,431.9. Consequently, the registered capital will increase from 1,524,759,440 to 1,524,764,319. The board of directors approved the amended articles of association and increased registered capital in January, but the resolution was revisited at a March 19th board meeting and will be submitted for shareholder approval at the upcoming meeting. Shareholders of record as of March 31, 2025, are eligible to attend and vote either in person at the company's meeting room in Tongxiang, Zhejiang Province, or via the Shanghai Stock Exchange's online voting system. The company encourages shareholders to submit their voting intentions by April 6th.