MI · NFT Limited

NFT Limited has proposed a multi-step capital restructuring requiring shareholder approval at the April 17, 2026 EGM, designed to enhance financial flexibility. The initial Share Capital Reduction cancels US$0.0045 paid-up capital per share (from US$0.005 to US$0.0005 par value), creating distributable reserves for potential loss offsets or other uses under Cayman law. This is followed by subdividing unissued shares 10:1 and cancelling excess authorized shares to reach US$50,000 authorized capital (90M Class A, 10M Class B at US$0.0005 par). The Share Capital Increase then expands this 100x to US$5M (9B Class A, 1B Class B), providing substantial issuance capacity for future equity raises. The Board retains discretion for a Share Consolidation (1:5 to 1:200) within one year, potentially reducing shares to 45M Class A and 5M Class B at US$0.1 par value while maintaining total authorized capital. Four M&A amendments implement these changes sequentially. Class B shares preserve their 20x voting power. The structure supports potential financing needs while maintaining dual-class control, with solvency statements required for reductions. Board unanimously recommends approval.