Financing ·
Lixiang Education Holding Co., Ltd. held its Annual General Meeting on September 18, 2026, where shareholders ratified…
LXEHLixiang Education Holding Co. Ltd.
Lixiang Education Holding Co., Ltd. held its Annual General Meeting on September 18, 2026, where shareholders ratified the appointment of Audit Alliance LLP as independent auditor and approved a capital raise involving the issuance of 20 billion Class A ordinary shares to investors and 5 billion Class B shares to CEO Biao Wei for an aggregate consideration of $12.5 million. The meeting also authorized a capital reduction reducing par value from US$0.0001 to US$0.0000001 per share, followed by a sub-division into 1,000 new shares for each existing share, effectively increasing the total authorized and issued share count significantly while maintaining the same total par value of US$2 million. This corporate restructuring is designed to facilitate the resale of American Depositary Shares (ADSs) via a forthcoming Form F-1 registration statement with the SEC. Lixiang Education Holding Co., Ltd. operates in the private education services industry in China.