The conversion of a foreign-invested company’s business model is a strategic step to adapt to new business orientations, expand operational scale, or optimize its governance structure. However, this process goes beyond merely changing the corporate form and requires a comprehensive review of the investor’s legal obligations under investment and enterprise laws. First, the company must thoroughly examine its compliance with periodic investment reporting obligations, project monitoring and evaluation reports, as well as obligations related to statistics, taxation, labor, and foreign exchange. Any failure to fulfill or delays in meeting these obligations may directly affect the authority’s approval of the conversion. In parallel, the investor is required to fully complete capital contribution obligations, financial liabilities, and other commitments recorded in the Investment Registration Certificate. Based on such compliance status, the company then proceeds to amend and complete the necessary legal dossiers and licenses, including updates to the Investment Registration Certificate, the Enterprise Registration Certificate, and any relevant sub-licenses. A proactive and fully compliant approach will help ensure a smooth conversion process while minimizing potential legal risks.