JDZG · JIADE Limited

JIADE LIMITED's 2026 annual general meeting features several significant corporate actions that could substantially alter the company's capital structure and governance. The most complex proposal involves a multi-step capital restructuring that begins with a share consolidation at a ratio between 1-for-2 and 1-for-100, giving the board significant discretion to determine the exact consolidation ratio. Following this consolidation, the company proposes to increase its authorized share capital to 2 billion shares with a par value of $0.000025 each, then issue new shares to JD LIYUAN LIMITED, repurchase and cancel shares, and ultimately establish a new authorized capital structure. This restructuring appears designed to create a larger share base with lower par value while maintaining the same total authorized capital of $50,000. Concurrently, the company seeks to amend its articles of association to increase the voting power of Class B ordinary shares from 50 to 90 votes per share, which would significantly enhance the control of Class B shareholders. The meeting also includes routine matters such as director re-elections and auditor appointment, but the capital restructuring and voting power changes represent material corporate actions that could affect shareholder value and control dynamics. The record date for determining voting eligibility is April 21, 2026, and the meeting will be held in a hybrid format with both in-person and virtual attendance options.