Neo-Concept International Announces Share Consolidation

Core Viewpoint - Neo-Concept International Group Holdings Ltd has approved a share consolidation, reducing the number of shares from 800 million to 160 million, effective by July 1, 2025, with trading on Nasdaq starting June 16, 2025 [1][2]. Group 1: Share Consolidation Details - The share consolidation involves consolidating every five issued and unissued shares into one share, changing the par value from US$0.0000625 to US$0.0003125 [1]. - The authorized share capital will remain at US$50,000, but the number of shares will decrease from 800 million to 160 million, with class A shares reduced from 780 million to 156 million and class B shares from 20 million to 4 million [1]. Group 2: Company Overview - Neo-Concept International Group Holdings Limited is a one-stop apparel solution provider, offering services in market trend analysis, product design, raw material sourcing, production, quality control, and logistics management [3]. - The company serves customers in European and North American markets and sells its branded fashion products under "Les100Ciels" through retail stores in the UK and UAE, as well as e-commerce platforms [3]. Group 3: Environmental Commitment - The company is focused on minimizing its environmental footprint through eco-friendly practices, including recycling, clean processes, and traceable sourcing [4]. - Neo-Concept actively seeks sustainable solutions throughout the garment production process to meet customer needs in an environmentally responsible manner [4].