AGM/EGMMay 12, 2026, 05:17 PM
Boqii Shareholders Approve Capital Reduction, Recapitalization
AI Summary
Boqii Holding Ltd. announced that its shareholders approved several key proposals at the Annual General Meeting held on May 6, 2026. These approvals include a Capital Reduction, which significantly lowers the par value of shares and creates a distributable reserve, and a Recapitalization that substantially increases the authorized share capital. Additionally, shareholders approved amendments to the company's articles of association and conditionally approved a share consolidation (reverse stock split) of 200-for-1, to be implemented at the Board's discretion within two years.
Key Highlights
- Shareholders approved a Capital Reduction, decreasing par value from US$0.16 to US$0.0000001 per share.
- The Capital Reduction creates a distributable reserve for the company's use.
- Authorized share capital was changed from US$20,000,000 to US$12.5 after the reduction and sub-division.
- Shareholders approved a Recapitalization, increasing authorized share capital from US$12.5 to US$2,000.
- The Recapitalization creates 20,000,000,000 shares with a par value of US$0.0000001 each.
- The Fifteenth Amended and Restated Memorandum and Articles of Association were approved.
- A conditional Share Consolidation (reverse split) of 200-for-1 was approved, at Board's discretion within two years.
- All four proposals were approved by shareholders with an overwhelming majority of votes.