Neo-Concept International Group Holdings Ltd filed a Form 6-K on November 2, 2026, reporting shareholder approval of a share consolidation at its October 29, 2026 Extraordinary General Meeting and announcing the consolidation's effective date in the marketplace.

Key Highlights

  • Consolidation ratio set at 8-for-1: The board selected a ratio of eight issued and unissued shares of US$0.0025 par value each consolidated into one share of par value US$0.02 each, within the shareholder-approved range of 2-to-1 through 400-to-1.
  • Effective date in the marketplace: According to the filing, the consolidation will be reflected on the Nasdaq Capital Market at the open of business on November 10, 2026.
  • Shares outstanding before consolidation: Immediately prior to the consolidation, the company had 8,481,952 ordinary shares issued and outstanding, comprising 8,341,952 Class A ordinary shares and 140,000 Class B ordinary shares.
  • Shares outstanding after consolidation: Upon effectiveness, the company reported it will have approximately 1,060,246 ordinary shares issued and outstanding, comprising approximately 1,042,746 Class A ordinary shares and 17,500 Class B ordinary shares, subject to adjustment for fractional shares.
  • Trading symbol and CUSIP unchanged and updated: Class A ordinary shares will continue trading under the symbol "NCI" on the Nasdaq Capital Market under the new CUSIP Number G6421C146.
  • Standing authority granted: Shareholders also approved a second resolution granting the board authority to effect further share consolidations over two years from the EGM date, subject to a cumulative consolidation ratio cap of 500-to-1 in the aggregate, which cap the current consolidation does not count toward.

Neo-Concept Shareholders Approve Share Consolidation at October 2026 EGM

At its Extraordinary General Meeting held on October 29, 2026, Neo-Concept International Group Holdings Ltd (NASDAQ:NCI) put two items of business to a vote, both of which were approved by shareholders, according to the Form 6-K filed November 2, 2026. The primary resolution authorized a share consolidation within a range of every two to every 400 shares consolidated into one, with the board granted discretion to set the exact ratio no later than an effective date not to exceed December 31, 2026.

The company disclosed that the board selected a consolidation ratio of 8-for-1, meaning every eight issued and unissued shares of US$0.0025 par value each will be consolidated into one share with a par value of US$0.02 each. The filing states this consolidation applies to both Class A ordinary shares and Class B ordinary shares. Fractional shares resulting from the consolidation will not be issued; instead, the company is authorized to round up any fractional shares so that each shareholder receives one consolidated share in lieu of any fractional entitlement.

The filing further reported that a second ordinary resolution was approved at the EGM, granting the board a standing authority to carry out one or more additional share consolidations at any time or on multiple occasions during a two-year period from the EGM date, subject to a cumulative ratio cap of 500-to-1 in the aggregate. The company stated that the current 8-for-1 Share Consolidation does not count toward or consume that cap. The filing was signed by Jiang Pengfei, Chairman of the Board and Chief Executive Officer, on November 2, 2026.

What Was Disclosed

Neo-Concept International Group Holdings Ltd reported shareholder approval of an 8-for-1 share consolidation effective at the Nasdaq Capital Market open on November 10, 2026, reducing outstanding ordinary shares from approximately 8,481,952 to approximately 1,060,246, with the stock continuing to trade under "NCI."