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An announcement from Jin Medical International Ltd. ( (ZJYL) ) is now available.
On January 8, 2026, Jin Medical International Ltd. filed a Form 6-K announcing that it will hold a 2026 Extraordinary General Meeting of Shareholders on January 30, 2026, in Changzhou, China, with a record date of December 30, 2025. At this meeting, shareholders will vote on creating a dual-class share structure by increasing authorized capital and issuing new Class A and high-vote Class B shares—principally benefiting Jolly Harmony Enterprises Limited—followed by the repurchase and cancellation of existing ordinary shares and a redefinition of authorized capital. Investors are also being asked to approve a new set of amended and restated constitutional documents to reflect the dual-class structure, a series of contingent share consolidations that the board may implement within two years if the Class A share price remains below $1, and a 2026 Equity Incentive Plan authorizing up to 13 million Class A shares for awards to management, employees, and advisers, as well as a procedural proposal to adjourn the meeting if there are insufficient votes. Collectively, these measures would significantly reshape Jin Medical’s capital structure, entrench voting control with a key shareholder, give the board tools to address potential listing compliance issues via reverse splits, and expand equity-based compensation, thereby affecting governance dynamics and dilution for existing shareholders.
More about Jin Medical International Ltd.
Jin Medical International Ltd., a Cayman Islands–incorporated company with principal offices in Changzhou, Jiangsu Province, China, is a foreign private issuer listed in the United States and operates within the medical sector, focusing on mobility and rehabilitation equipment such as wheelchairs for global markets.
Average Trading Volume: 1,051,887
Technical Sentiment Signal: Sell
Current Market Cap: $38.35M
See more data about ZJYL stock on TipRanks’ Stock Analysis page.