Corporate ActionMay 26, 2026, 06:07 AM
OFA Group Shareholders Approve Share Consolidation, Equity Plan
AI Summary
OFA Group shareholders approved a 1-for-10 share consolidation of all Class A ordinary shares at the 2026 Extraordinary General Meeting. Additionally, the shareholders adopted the OFA Group 2026 Equity Incentive Plan, which became effective upon approval. The necessary amendments to the company's memorandum and articles of association to reflect the share consolidation were also approved.
Key Highlights
- Shareholders approved a 1-for-10 share consolidation for Class A ordinary shares.
- The OFA Group 2026 Equity Incentive Plan was approved by shareholders.
- Amended memorandum and articles of association reflecting the share consolidation were approved.
- Share consolidation proposal received 517,538,056 votes for and 58,979 against.
- 2026 Equity Incentive Plan received 517,491,380 votes for and 56,053 against.
- The record date for the meeting was April 16, 2026.
- 26,266,846 Class A and 20,000,000 Class B ordinary shares were outstanding.
Price Impact
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