There is no legal obstacle for the company to reduce its registered capital. According to the Company Law, Regulations on the Administration of Company Registration, Regulations on the Administration of Registered Capital and other relevant regulations, the change of registered capital requires capital verification. So theoretically, I think it is necessary to have a capital verification report. However, in practice, if the registered capital of the uninvested part is reduced, some local industrial and commercial bureaus (such as Jiangsu) do not require capital verification reports. Therefore, it is recommended to consult the local industrial and commercial bureau when handling it specifically. On the other hand, from the perspective of listing, if the company has reduced its capital in history and failed to verify the capital according to the operating requirements at that time, although it conforms to the actual situation, it does not conform to the legal provisions. I remember there seemed to be a training for the protection of generations last year, to the effect that the relevant procedures were not fulfilled when the registered capital was changed, and it needed to be confirmed by the State Administration for Industry and Commerce. Therefore, I personally suggest that we should strictly understand and grasp it, and strive for the Industrial and Commercial Bureau to issue documents to confirm the legality and complete the capital verification procedures.