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Recon Technology proposes 1-for-300 reverse split and Cayman Islands-to-BVI continuation
RCONRecon Technology, Ltd
Shareholders will vote at the annual general meeting on December 4, 2026, to approve a proposed one-for-three hundred or one-for-two hundred reverse share consolidation of Class A ordinary shares. The board seeks authority to determine the exact ratio and effective date within one year. Other proposals include re-electing directors Nelson N.S. Wong and Jijun Hu, ratifying Enrome LLP as auditor, reducing par value to US$0.00001, increasing authorized share capital to 3 billion Class A shares, and continuing the company from the Cayman Islands to the British Virgin Islands. Recon Technology, Ltd. operates in the technology sector.