Neo-Concept International Announces Share Consolidation
June 12 2025 - 8:00AM
On May 9, 2025, Neo-Concept International Group Holdings Ltd (the
“Company”) held the Company’s Extraordinary General Meeting (the
“EGM”) , amongst which a share consolidation (the “Share
Consolidation”) was approved by the shareholders, whereby every
five issued and unissued shares (namely, both class A ordinary
shares of par value US$0.0000625 each and class B ordinary shares
of par value US$0.0000625 each) in the share capital of the Company
be consolidated into one (1) share of par value US$0.0003125 each
(the “Share Consolidation”) so that the authorized share capital of
the Company shall be changed from US$50,000 consisting of
800,000,000 shares of par value US$0.0000625 each comprised of
780,000,000 class A ordinary shares of par value US$0.0000625 each
and 20,000,000 class B ordinary shares of par value US$0.0000625
each to US$50,000 consisting of 160,000,000 shares of par value
US$0.0003125 each comprised of 156,000,000 class A ordinary shares
of par value US$0.0003125 each and 4,000,000 class B ordinary
shares of par value US$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 2025.
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.
About Neo-Concept International Group Holdings
Limited
Neo-Concept International Group Holdings Limited (“NCI”) is a
one-stop apparel solution services provider. It offers a full suite
of services in the apparel supply chain, including market trend
analysis, product design and development, raw material sourcing,
production and quality control, and logistics management, serving
customers located in the European and North American markets. It
also sells its own branded fashion products under the brand
“Les100Ciels” through retail stores in the UK and UAE, as well as
the e-commerce platforms www.les100ciels.com and
www.les100ciels.me.
NCI is dedicated to minimizing its environmental footprint by
implementing various eco-friendly practices. It prioritizes
recycling, clean processes, and traceable sourcing as part of its
commitment to reducing environmental impact. Additionally, NCI
actively seeks sustainable solutions throughout the garment
production process, aiming to meet the needs of its customers in an
environmentally responsible manner.
SAFE HARBOR STATEMENT
Certain statements in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on the Company’s
current expectations and projections about future events that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. Investors can
identify these forward-looking statements by words or phrases such
as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,”
“intend,” “plan,” “believe,” “is/are likely to,” “potential,”
“continue” or other similar expressions. The Company undertakes no
obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company’s registration statement and other filings with the SEC,
which are available for review at www.sec.gov.
Enquiries:
Neo-Concept International Group Holdings Limited
Investor Relations Contact:
10/F, Seaview CentreNo.139-141 Hoi Bun RoadKwun Tong, Kowloon,
Hong Kong(+852) 2798-8639Email: ir@neo-ig.com
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