On May 5, 2025, Lucas GC Limited's shareholders voted and approved key changes to the company's capital structure at an extraordinary general meeting. The approved measures include a forty (40)-for-one (1) share consolidation of its issued and unissued ordinary shares.
The share consolidation will result in every 40 authorized issued and unissued shares, with a par value of US$0.000005 per share, being consolidated into one share with a par value of US$0.0002 per share. This adjustment will change the authorized share capital to US$50,000, divided into 250,000,000 shares, each with a par value of US$0.0002.
Additionally, shareholders approved the adoption of a dual-class share structure, contingent on the share consolidation. Under this new structure, the authorized share capital will be divided into 235,000,000 Class A ordinary shares and 15,000,000 Class B ordinary shares, each with a par value of US$0.0002. These changes are intended to amend and restate the company's existing Memorandum and Articles of Association.
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