LZMH · LZ Technology Holdings Limited Class B Ordinary Shares

LZ Technology Holdings Limited filed a Form 6-K on April 24, 2026, disclosing proposals to be voted on at a meeting of Class B ordinary shareholders and an extraordinary general meeting on May 6, 2026. The key proposals include: (1) increasing voting rights of Class A ordinary shares from 10 to 300 votes per share, subject to Class B approval; (2) changing authorized share capital from US$50,000 divided into 2 billion shares to US$2,000,000 divided into 80 billion shares (a 40x increase); (3) a first share consolidation at a 20:1 ratio, reducing authorized shares to 4 billion with par value US$0.0005; (4) adoption of a third amended and restated memorandum and articles of association; (5) authorization for the board to implement further share consolidations up to 5000:1 within three years; (6) adoption of new memorandum and articles upon each consolidation; (7) general authorization for directors to execute the proposals; and (8) adjournment if needed. The board recommends voting FOR all proposals. The record date is April 24, 2026. These actions significantly alter the company's capital structure and voting power, potentially impacting shareholder value and control.