The science and technology innovation board system allows listed companies to set up different voting rights arrangements. According to this arrangement, listed companies may have relatively centralized control rights, and each special voting share has more voting rights than each common stock, which limits the voting rights of ordinary investors and its influence on the daily operation of the company.

At the same time, in case of the circumstances stipulated in the Listing Rules of the Science and Technology Innovation Board Stock Exchange and the Articles of Association of the Listed Company, the shares with special voting rights shall be converted into ordinary shares at the ratio of 65,438+0: 65,438+0. The stock conversion will take effect immediately after the autocorrelation occurs, which may be different from the registration time of the related stock conversion. Investors should pay close attention to the relevant announcements of listed companies in a timely manner to understand the changes of shares with special voting rights.