Neo-Concept announces 5-for-1 share cosolidation

On May 9, Neo-Concept (NCI) held the Company’s Extraordinary General Meeting, amongst which a share consolidation was approved by the shareholders, whereby every five issued and unissued shares in the share capital of the Company be consolidated into one share of par value $0.0003125 each so that the authorized share capital of the Company shall be changed from $50,000 consisting of 800,000,000 shares of par value $0.0000625 each comprised of 780,000,000 class A ordinary shares of par value $0.0000625 each and 20,000,000 class B ordinary shares of par value $0.0000625 each to $50,000 consisting of 160,000,000 shares of par value $0.0003125 each comprised of 156,000,000 class A ordinary shares of par value $0.0003125 each and 4,000,000 class B ordinary shares of par value $0.0003125 each. The Share Consolidation was to be effective from such date and time to be determined by the board of directors of the Company which in any event shall not be later than 1 July. The Share Consolidation shall be reflected with the Nasdaq Capital Market and in the marketplace at the open of business on June 16, 2025, whereupon the Class A Ordinary Shares will continue trading under the symbol “NCI” and under the new CUSIP Number of G6421C120.