Dowstone technology boosts capital, revamps governance, rehires auditor

Guangdong Dowstone Technology announced a change in its registered capital from 581,671,774 yuan to 782,248,953 yuan due to the conversion of 200,577,179 yuan in convertible bonds from January 1, 2024, to April 14, 2025. This change necessitated revisions to the company's Articles of Association, which were approved during meetings on November 19, 2025. The revisions streamline governance by removing the Board of Supervisors and reassigning its duties to the Audit Committee.

The company also announced the re-appointment of Lixin Certified Public Accountants as its auditor for 2025, with audit fees totaling 2,380,000 yuan. Additionally, Dowstone Technology approved providing external guarantees for subsidiaries, totaling 596,362,990 yuan, and committed to cash management of idle raised funds not exceeding 150,000,000 yuan, to enhance capital efficiency. These resolutions will be submitted for approval at the Fourth Extraordinary General Meeting on December 5, 2025.