Creative Global Technology Holdings Limited (CGTL) announced a re-designation of its share capital on March 10, 2025. The company's share capital is now divided into 1,900,000,000 Class A Ordinary Shares of par value $0.001 each and 100,000,000 Class B Ordinary Shares of par value $0.001 each.
As part of this re-designation, 8,500,000 authorized and issued and outstanding Ordinary Shares held by HSZ HOLDINGS LIMITED were converted into Class B Ordinary Shares. The remaining authorized but unissued 1,882,775,000 Ordinary Shares were re-designated into Class A Ordinary Shares on a one-for-one basis.
Additionally, the remaining authorized but unissued 91,500,000 Ordinary Shares were also re-designated into Class B Ordinary Shares on a one-for-one basis. This corporate action alters the structure of the company's equity, potentially impacting voting rights and control.
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