LZMH · LZ Technology Holdings Limited Class B Ordinary Shares

On May 6, 2026, LZ Technology Holdings Limited conducted a Class B Ordinary Shares meeting and an Extraordinary General Meeting, both achieving quorum with strong participation: 77.97% of Class B voting power at the Class B Meeting and 90.97% overall at the EGM. The centerpiece approval increases Class A Ordinary Shares voting rights from 10 to 300 votes per share, significantly enhancing control for Class A holders, who as of the April 24, 2026 record date represented 22,500,000 shares outstanding. This passed with 85.93% Class B support and 95.04% overall, conditional on adopting the Third Amended and Restated Memorandum and Articles of Association. Concurrently, shareholders approved a 20:1 First Share Consolidation, reducing issued shares while maintaining economic ownership through fractional share rounding up via share premium capitalization, paired with an authorized share capital expansion from US$50,000 (2B shares) to US$2,000,000 (80B shares at US$0.000025 par, adjusting post-consolidation to US$0.0005 par). Overwhelming 99.12% approval for consolidation-related proposals underscores broad investor alignment. The board gained flexibility for additional consolidations up to 5000:1 cumulative ratio over three years, with authority to handle implementation details, including M&A amendments per consolidation. These changes, effective immediately where specified, reshape the dual-class structure toward greater Class A influence and prepare for potential Nasdaq compliance via reduced share count, with directors empowered for filings and certificate updates.