AGM/EGMOct 29, 2026, 01:06 PM
Recon Technology Announces AGM on Dec 4; Proposes Share Consolidation & Re-domiciling
AI Summary
Recon Technology, Ltd. has announced its Annual General Meeting (AGM) to be held on December 4, 2026. Key proposals include the re-election of directors Nelson N.S. Wong and Jijun Hu, and the ratification of Enrome LLP as the company's independent auditor for the fiscal year ending June 30, 2027. Significant corporate actions proposed are a reduction in the par value of Class A Ordinary Shares, an increase in the authorized number of Class A Ordinary Shares, and a reverse share split of Class A Ordinary Shares with a ratio to be determined by the Board (between 1:200 and 1:300). Additionally, the company proposes to re-domicile from the Cayman Islands to the British Virgin Islands.
Key Highlights
- Recon Technology to hold Annual General Meeting on December 4, 2026, in Beijing.
- Proposals include re-election of directors Nelson N.S. Wong and Jijun Hu.
- Ratification of Enrome LLP as independent auditor for fiscal year ending June 30, 2027.
- Proposed reduction of Class A Ordinary Share par value from $0.02 to $0.00001.
- Proposed increase in authorized Class A Ordinary Shares to 3,000,000,000.
- Authorization for a reverse share split of Class A Ordinary Shares (1:200 or 1:300 ratio).
- Proposal to re-domicile the company from the Cayman Islands to the British Virgin Islands.
Price Impact
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