Maidi Technology revises the company's articles of incorporation and internal management system; registered capital decreases by 1,037,300 yuan.

On March 18, Suzhou Mediston Medical Technology Co., Ltd. (stock code: 603990, stock abbreviation: Mediston Technology) announced that the company will hold the 41st meeting of the fourth board of directors on March 16, 2026, to review and approve the proposal on “Amendment to the Articles of Association and Handling of Business Registration Changes” and the proposal on “Amendment to the Company’s Internal Management System.” This amendment aims to further standardize the company’s operations, improve governance structure, and promote the company’s sustainable and healthy development.

Amendment to Articles of Association: Registered Capital Decreased by 1.0373 Million Yuan

The announcement indicates that the company’s registered capital has changed due to the termination of the fourth phase employee stock ownership plan and the cancellation of repurchased shares. According to the announcement, the purpose of the shares in the company’s repurchase dedicated account, originally “for implementing the company’s employee stock ownership plan,” has been changed to “for cancellation and reduction of the company’s registered capital.” After the repurchase and cancellation are completed, the company’s registered capital will decrease from 306,282,731 yuan to 305,245,431 yuan, a reduction of 1.0373 million yuan.

In addition, the company has also adjusted its profit distribution policy, revising the cash dividend ratio requirement from “the profit distributed in cash shall not be less than 20% of the distributable profits achieved in the current year” to “the cumulative profit distributed in cash for three consecutive years shall not be less than 30% of the average annual distributable profits achieved in the recent three years,” further strengthening the commitment to returns for investors.

The amendments to the Articles of Association still need to be submitted to the company’s shareholders’ meeting for review and require approval from the market supervision administration. The company requests the shareholders’ meeting to authorize the management team to handle subsequent changes to business registration and filing of the articles of association, subject to the approval registration by the market supervision administration.

Three Internal Management Systems Revised Simultaneously

To align with the amendments to the Articles of Association, the company has also revised certain internal management systems simultaneously, specifically including:

The announcement states that the “Fundraising Management and Utilization System” has been reviewed and approved by the board of directors’ audit committee, and the “Director and Senior Management Personnel Compensation Management System” has been reviewed and approved by the board of directors’ compensation and assessment committee, with the latter still needing to be submitted to the company’s shareholders’ meeting for review. The full text of the revised relevant systems has been disclosed on the Shanghai Stock Exchange website.

Mediston Technology stated that this revision complies with the requirements of the “Company Law,” “Securities Law,” “Guidelines for Articles of Association of Listed Companies,” and “Shanghai Stock Exchange Stock Listing Rules,” as well as other relevant laws, regulations, and normative documents, which will help further improve the company’s governance structure, enhance the company’s standardized operation level, and promote the company’s sustainable and healthy development.

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