Bichamp Cutting Technology(Hunan) (SZ:002843) Shang Hai Zheng Quan Bao·2025-07-15 20:08Group 1 - The company has decided to terminate certain fundraising projects after re-evaluation, which will not significantly impact its normal operations and aligns with its long-term development strategy [1][2][3] - The board of directors approved the termination of the "Research and Development Center Construction Project" during the 18th meeting of the 6th board on July 14, 2025, and the unused raised funds will remain in a dedicated account [1][4] - The supervisory board and independent directors have also reviewed and approved the decision, confirming that it complies with relevant regulations and does not harm the interests of the company or its shareholders [2][3][4] Group 2 - The company is undergoing a change in its corporate structure, including a change in company type and registered capital, as well as the cancellation of the supervisory board [23][24][29] - The registered capital will decrease from 252,241,516 yuan to 251,737,562 yuan due to stock option exercises and the cancellation of repurchased shares [24][28] - The company will no longer have a supervisory board, with its functions being transferred to the audit committee of the board of directors [29][30] Group 3 - The company plans to increase capital for its subsidiary, Changsha Botai Electronics Co., Ltd., and subsequently for its subsidiary, Luoding Yada Co., Ltd., to optimize their capital structure and support business development [46][47] - The capital increase for Botai Electronics will amount to 200 million yuan, raising its registered capital from 15,569,450 yuan to 215,569,450 yuan [47] - The capital increase for Luoding Yada will also be 200 million yuan, increasing its registered capital from 123,344,370.86 yuan to 323,344,370.86 yuan [47][48]