Recent Updates — FOFO
At an extraordinary meeting on June 12, 2026, shareholders approved a comprehensive capital restructuring. The company will reclassify its authorized share capital into Class A and Class B ordinary shares and increase authorized capital from $50,000 to $1,000,000 (9 billion Class A and 1 billion Class B shares). The company will repurchase 4 million Class A shares from Hang Feng International Holdings Co., Limited for $400 and issue 4 million Class B shares in exchange. Additionally, shareholders approved a par value reduction to $0.000001, a subsequent subdivision of unissued shares, and granted the board discretion to execute share consolidations between 2:1 and 200:1 over the next two years. Hang Feng Technology Innovation Co., Ltd. operates in the technology innovation industry.