Summary by Moomoo AI
According to the securities change monthly report submitted by Shangtang Group on August 31, 2024, there were significant changes in the company's Class A and Class B shares. According to the report, Shangtang Group's Class A shares underwent a large-scale conversion in August, with 6,906,080,602 Class A shares converted into Class B shares. The conversion was completed on August 27, 2024, and was detailed in the disclosure report the following day. After the conversion, the total number of issued shares of Class B shares increased to 34,528,336,530 shares, while the number of Class A shares decreased to 614,034,470 shares. In addition, the report mentions that the conversion was made based on the shares held by Professor Tang Xiaoo through Amind Inc. Shangtang Group confirms that all securities issuance or transfer of treasury shares have been formally authorized by the board of directors and comply with all applicable listing rules, laws, and other regulatory requirements.