Summary by Moomoo AI
Shangtang Group completed the share conversion on August 27, 2024, converting 6,906,080,602 Class A common shares into Class B common shares. After this share conversion, the total number of Class B common shares in the company increased to 34,528,336,530 shares, while the Class A common shares decreased to 614,034,470 shares. The conversion ratio was one-to-one and was completed on the same day. This action is in accordance with the requirements of the Hong Kong Stock Exchange Listing Rules and has been formally authorized by the board of directors. The conversion was carried out by Professor Tang Xiaoo through the Class A shares held by Amind Inc. and is in compliance with all relevant laws and regulatory requirements.
