NCI · Neo-Concept International Group Holdings Limited

Neo-Concept International Group Holdings Limited (NCI) has convened an Extraordinary General Meeting (EGM) solely to seek shareholder approval for a reverse share consolidation, a critical corporate action that reduces the number of outstanding shares and proportionally increases the par value and per-share metrics. The proposed ratio ranges from 3:1 to 400:1, granting the board full discretion to select the exact multiple within this band by the Effective Date, no later than June 30, 2026. This flexibility allows the board to tailor the consolidation to compliance needs, such as NASDAQ listing requirements, without reconvening shareholders. Key investor protections include rounding up fractional entitlements to one full Consolidation Share, ensuring no shareholder receives nothing, subject to applicable laws and the company's Amended and Restated Memorandum and Articles of Association. The board is authorized to handle all implementation steps, including certificate cancellations, new issuances, and Cayman Islands filings. Voting mechanics favor participation: Class A shares carry 1 vote each, Class B shares 30 votes each, with a quorum of two shareholders representing at least one-third of issued voting shares. Proxies default to board discretion (likely FOR), revocable up to 48 hours prior. This high-materiality event signals potential share count reduction to boost per-share value and metrics, directly impacting liquidity, ownership percentages, and exchange compliance.