If a company changes its registered capital, it shall submit a capital verification certificate issued by a legally established capital verification institution. If the company increases its registered capital, shareholders of a limited liability company shall subscribe for additional capital and shareholders of a joint stock company shall subscribe for new shares. The relevant provisions on the payment of capital contributions for the establishment of a limited liability company and the payment of share fees for the establishment of a joint-stock company shall be implemented in accordance with the Company Law. If a joint-stock company increases its registered capital by public issuance of new shares or a listed company increases its registered capital by non-public issuance of new shares, it shall also submit to the State Council Securities Regulatory Commission. Approval documents of the regulatory agency. If the company's statutory reserve fund is converted into registered capital, the capital verification certificate shall state that the retained reserve fund shall not be less than 25% of the company's registered capital before the conversion. If the company reduces its registered capital, it shall start from the date of announcement. To apply for change registration after 45 days, relevant proof of the company's announcement of the company's reduction of registered capital published in a newspaper and an explanation of the company's debt repayment or debt guarantees must be submitted. Shareholders' capital contributions can be mortgaged with rent