Lucas GC Limited announced on October 9, 2025, that it will implement a forty (40)-for-one (1) share consolidation of its issued and unissued ordinary shares, along with the adoption of a dual-class share structure, effective October 13, 2025. Shareholders had previously approved these changes at an extraordinary general meeting on May 5, 2025.
The share consolidation will convert every 40 existing ordinary shares, with a par value of US$0.000005 per share, into one consolidated share with a par value of US$0.0002 per share. This will adjust the company's authorized share capital to US$50,000, comprising 235,000,000 Class A ordinary shares and 15,000,000 Class B ordinary shares, each with a par value of US$0.0002.
A new CUSIP number, G57037114, has been assigned to the company’s Class A Ordinary Shares as a result of these changes. The company anticipates that the share consolidation will increase the market price per share of its Class A Ordinary Shares, which is a common strategy to meet minimum bid price requirements for stock exchange listings.
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