Hongli Group Inc. announced an extraordinary general meeting on June 5, 2026, to approve a multi-step share capital reorganization, reduction, increase, and future consolidation authority.
Key takeaways
EGM scheduled for June 5, 2026 at 9:00 a.m. ET in Weifang, China, with record date May 4, 2026.
74,738,750 Ordinary Shares outstanding as of record date, each entitled to one vote.
Proposals include re-designating shares into 490M Class A and 10M Class B Ordinary Shares.
Par value reduction from $0.0001 to $0.00001 per share, creating distributable reserves.
Authorised capital increase to 4.9B Class A and 100M Class B shares post-reduction.
Board authorised for share consolidations 2:1 to 5,000:1 over three years, no fractions with round-up.