Zhitong Finance App News, Mingfa Group (00846) issued an announcement regarding the latest developments in the restructuring proposed by the respective boards of directors of the company's Chinese subsidiaries. As of the date of this announcement, the remaining 2 Chinese subsidiaries have submitted their directors' change applications to the local responsible supervisory authority, awaiting approval. The restructuring proposed by the board of directors at the subsidiary level will be completed after the relevant approval is issued by the local authority.

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