Hongfa(SH:600885) Zheng Quan Zhi Xing·2025-07-29 16:09Summary of Key Points Core Viewpoint The announcement details the changes in registered capital and the revision of the company's articles of association following the conversion of convertible bonds and the capital reserve increase. Group 1: Changes in Registered Capital - The company issued 20 million convertible bonds with a total value of 2 billion RMB, approved by the China Securities Regulatory Commission [1] - As of June 30, 2025, the total number of shares increased by 240 shares due to the conversion of bonds, resulting in a registered capital increase of 240 RMB [2] - The registered capital is now 1,459,746,940 RMB, with a total of 1,459,746,940 shares issued, all of which are ordinary shares [2] Group 2: Revision of Articles of Association - The company revised its articles of association to comply with regulatory requirements and improve corporate governance, including the removal of the supervisory board [2] - The new articles enhance the requirements for directors, the board of directors, and specialized committees, and the supervisory board's functions will be taken over by the audit committee [2] - The revised articles will take effect immediately upon approval, and previous internal regulations related to the supervisory board will be abolished [2]