Long time no fun speculation and wishful thinking posts.
So that was a badly drawn set of modifications over an 054a for possible successor variant. Main air search radar is put inside a protective cover, but basically it could still be a two sided rotating aesa, similar to Sampson only probably smaller and less powerful. Rear mast radar (x band as i remember) was removed and its functionality put into four fixed arrays on the main mast, just under the top radome. Whole main mast was moved slightly forward and the gun targeting radar put on a protrusion coming from the mast. various comm antenas replaced the forward pair of targeting radar dishes that have no point on 054b anymore. Rear pair of targeting radars were replaced with a hq10 - perhaps an overall, having that alongside two type 1130 ciws but what the heck.
engine intake exhaust construction is now a bit larger, possibly allowing for a modified par of diesels needed a bit more air for a bit more power.
Mid mounted ashm launchers are gone, and there's some different arrangement of internal deck or two there. If possible, the mid mounted new VLS (as seen on 052d) is only short ones, with as less deck intrustion as possible - and is a dedicated self defense AAW VLS well.
Forward VLS cells are replaced by the new VLS system but, as seen in the image, divided in new hypothetical 4 cell modules, not standard 8 cell modules. That was 5 of such modules should be able to be put into the same footprint.
Altnernatively, though, perhaps just two standard 8 cell modules would be enough (with the third mid mounted module) and then use the available forward space to install a larger main gun.
I didn't bother with changing the lines of the superstructure so everything else looks the same. Perhaps hangar could be somehow changed though i don't see room for a twin hangar. At best a z20 and a small uav though even that might be a stretch. Hopefully the helipad is long enough for z20. if not, slightly longer hull might be needed.
z20 needs notwithstanding, I would expect the hull and great majority of internal structure under the main deck to be completely the same.
Overall, changes are not small but at the same time they're still not drastic - i think its doable to test the project without a prolongued multi-year testing process. I would expect overall displacement to go up a little bit, but only by a few hundred tons. Different variant of engines and gearbox might be able to cope with it without real changes to internal structure.
A bit more automation and less crew area could give enough extra internal space for all the needs here.
Having even 24 cells of new vls would be improvement over 32 cells of old, smaller vls. The drawing shows as many as 28 cells though, but as i said, if 4 cells could be traded for a larger main gun -it might be worth it.