Corporate ActionApr 29, 2026, 06:32 AM
AIFU Shareholders Approve Capital Reduction, 3-Stage 1-for-20 Share Consolidations
AI Summary
AIFU Inc. shareholders approved several resolutions at an Extraordinary General Meeting on April 29, 2026. These include a capital reduction, three stages of 1-for-20 share consolidations, and subsequent increases in authorized share capital. Additionally, the company's memorandum and articles of association will be amended to reflect these changes and modify the director removal process.
Key Highlights
- Shareholders approved a special resolution for a capital reduction.
- Par value of Class A and B ordinary shares reduced from $0.4 to $0.0001 per share.
- First Share Consolidation: 20-for-1, changing par value to $0.002.
- Second Share Consolidation: 20-for-1, changing par value to $0.04.
- Third Share Consolidation: 20-for-1, changing par value to $0.8.
- Authorized share capital increased after each consolidation.
- Memorandum and Articles of Association to be amended to reflect changes and modify Article 79 regarding director removal.
- Fractional shares from consolidations will be rounded up to the next whole number.