新研股份：以总股本为基数每10股转增12股实施重整

Core Viewpoint - The company, Xin Yan Co., has announced a significant equity adjustment due to severe insolvency issues, aiming to avoid delisting and bankruptcy liquidation [1] Summary by Categories Equity Adjustment - The company plans to increase its total share capital from 1.496 billion shares to 3.290 billion shares by a stock conversion of 12 shares for every 10 shares held, resulting in a total increase of 1.795 billion shares [1] Investor Participation - Industrial investors will acquire 500 million shares at a price of 1.30 yuan per share, totaling 650 million yuan [1] - Financial investors will obtain 935 million shares at a price of 1.70 yuan per share, amounting to 1.589 billion yuan [1] - A total of 360 million shares will be allocated for debt repayment [1] Shareholding Restrictions - Industrial and financial investors have committed to not transferring their shares for 36 months and 12 months, respectively [1] Future Adjustments - The company will adjust the calculation formula for the ex-rights reference price in the future [1]