2. The board of directors shall formulate a plan for capital increase and share expansion;
3. The shareholders' meeting or the board of directors shall make a resolution on the capital increase and share expansion plan;
4. Perform the approval procedures, and the company will report the capital increase and share expansion to the group company and the superior SASAC for approval;
5. Audit of asset appraisal: the property owner entrusts an asset appraisal institution with corresponding qualifications to conduct appraisal. The evaluation report shall be approved or filed according to the prescribed procedures;
6. Negotiate and sign a contract for capital increase and share expansion;
7. contribution;
8. Capital verification;
9. Convene a general meeting of shareholders, elect additional directors and supervisors, amend the Articles of Association and reorganize the management;
10, industrial and commercial change registration.
Legal basis: Article 178 of the Company Law of People's Republic of China (PRC). When a limited liability company increases its registered capital, the contribution of the newly-increased capital subscribed by shareholders shall be implemented in accordance with the relevant provisions of this Law on the establishment of a limited liability company. When a joint stock limited company issues new shares to increase its registered capital, shareholders shall subscribe for new shares in accordance with the relevant provisions of this Law on the establishment of a joint stock limited company and the payment of shares.