Shareholders approved a 125-for-one share consolidation with par value increasing to US$0.025, taking effect on September 1, 2026. The vote also authorized a tiered mechanism for future reverse splits: 10-to-1 if the price falls below $1.00 for 20 days and closes between $0.50-$1.00; 20-to-1 if it closes between $0.25-$0.50; 50-to-1 if it closes between $0.10-$0.25; and 80-to-1 if the price drops below $0.10 within five days. Additionally, shareholders ratified a share capital reduction to US$0.00001 par value followed by a subdivision of unissued shares and an increase in authorized capital to 50 billion shares. Lucas GC Limited operates as a global provider of geothermal energy solutions.
