Zhibao Technology Inc. filed a proxy statement for an extraordinary general meeting on September 29, 2026, proposing to increase authorized share capital from US$50,000 (500 million shares) to US$200,000 (2 billion shares). The filing also proposes a conditional reverse stock split consolidating every 50 Class A and Class B ordinary shares into one share. This consolidation is triggered only if the closing bid price falls below US$0.12 per share on any trading day. Upon effectiveness, authorized capital would be amended to US$200,000 divided into 40 million consolidated shares with a par value of US$0.005 each. Fractional shares resulting from the consolidation will be rounded up to the next whole number rather than paid out in cash. The company operates in the technology sector.
