MI · NFT Limited

NFT Limited's shareholders have approved a multi-stage capital restructuring that fundamentally alters the company's share structure. The process begins with a reduction in par value from US$0.005 to US$0.0005 per share, followed by a subdivision of unissued shares that effectively creates ten shares for every one previously authorized. This is accompanied by a cancellation of unissued shares to establish a new authorized capital structure of US$50,000 divided into 90 million Class A and 10 million Class B shares. The most significant change comes with the capital increase to US$5 million, creating 8.91 billion additional Class A shares and 990 million additional Class B shares, providing substantial capacity for future equity offerings or corporate actions. Finally, the board receives authority to implement a share consolidation at a ratio between 1:5 and 1:200 within one year, which would dramatically reduce the number of outstanding shares while increasing their individual par value. This comprehensive restructuring suggests the company is preparing for potential future financing needs, strategic transactions, or addressing market considerations related to share price and liquidity. The overwhelming shareholder approval across all proposals indicates strong support for management's capital strategy.