Shanghai Yashi(SH:603329) Zheng Quan Zhi Xing·2025-08-27 16:12Core Viewpoint Shanghai Yashi Investment Development Co., Ltd. has announced changes in its registered capital, the cancellation of its supervisory board, and amendments to its articles of association and management systems, reflecting a strategic shift in corporate governance and capital structure. Group 1: Change in Registered Capital - The company has approved a cash dividend of 0.03 yuan per share and a capital reserve increase of 0.3 shares for each share held, resulting in a total distribution of 4,762,685.85 yuan and an increase of 47,626,858 shares, bringing the total share capital to 206,383,053 shares [1][2]. - The annual equity distribution for 2024 was completed on June 6, 2025, finalizing the total share capital adjustment [2]. Group 2: Cancellation of Supervisory Board - The company will no longer have a supervisory board, with its functions being transferred to the audit committee of the board of directors, in compliance with the latest legal and regulatory requirements [2][3]. - The existing rules governing the supervisory board have been abolished, and relevant provisions in the articles of association have been amended accordingly [2][3]. Group 3: Amendments to Articles of Association - The amendments aim to protect the rights of the company, shareholders, employees, and creditors, and to standardize the company's organization and operations [3][4]. - Specific changes include an increase in registered capital from 158,756,195 yuan to 206,383,053 yuan and a corresponding increase in the total number of shares [4][5]. - The revised articles of association will also reflect the new governance structure, including the establishment of an audit committee to oversee financial matters [3][4].