*ST新研：公司股票将于12月24日开市起复牌

Core Viewpoint - The company *ST Xinyan announced that its stock will resume trading on December 24, 2025, following a restructuring plan that involves a significant increase in its total share capital through a capital reserve conversion [1] Group 1: Capital Increase - The company will implement a capital reserve conversion at a ratio of 12 new shares for every 10 existing shares, resulting in a total increase of 1.795 billion shares [1] - The total share capital will rise from 1.496 billion shares to 3.29 billion shares after the conversion [1] - Out of the newly issued shares, 1.435 billion will be subject to lock-up restrictions post-initial public offering, while 360 million shares will be freely tradable [1]