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Huachen AI approves 20-for-1 reverse split effective Oct. 23 and reduces Class B voting rights
HCAIHuachen AI Parking Management Technology Holding Co., Ltd
Shareholders approved a 20-for-1 share consolidation for both Class A and Class B ordinary shares, reducing the number of outstanding shares while increasing par value from US$0.0000375 to US$0.00075. The consolidation takes effect on October 23, 2026. Additionally, voting rights attached to each Class B share were decreased from 200 votes per share to 30 votes per share. The company also adopted amended articles of association to reflect these changes. Huachen AI Parking Management Technology Holding Co., Ltd operates in the parking management technology sector.