XMGF(SZ:300770) Xin Lang Cai Jing·2025-09-23 10:48Core Points - The company, Guangdong Southern New Media Co., Ltd. (stock code: 300770), announced a change in registered capital and amendments to its Articles of Association, which will be submitted for shareholder approval [1][4] Summary by Sections Change in Registered Capital - The company plans to use between 50 million yuan and 100 million yuan of its own funds to repurchase shares through a centralized bidding method, with a maximum repurchase price set at 49 yuan per share, later adjusted to 46.13 yuan per share [2] - As of August 22, 2025, the company completed the repurchase of 1,292,318 shares, accounting for 0.5640% of the total share capital, with a total transaction amount of approximately 50 million yuan [2] - Following the repurchase, the total share capital decreased from 229,130,909 shares to 227,838,591 shares, and the registered capital changed from 229,130,909 yuan to 227,838,591 yuan [2] Amendments to Articles of Association - The company will no longer have a supervisory board or supervisors, as the audit committee of the board will assume the supervisory functions, in compliance with regulations effective from January 1, 2026 [3] - The Articles of Association will be updated to reflect the changes in registered capital and total shares due to the repurchase [3] - Additional amendments include clarifications on the roles and responsibilities of shareholders, the board of directors, and the establishment of an independent director section, along with adjustments to the rights and obligations of controlling shareholders [3]