What specific amendments to MicroAlgo's Memorandum and Association resulted from the July 2, 2025 EGM?

What specific amendments to MicroAlgo's Memorandum and Association resulted from the July 2, 2025 EGM? AI+
sd 1 day ago MicroAlgo Inc. Public
US:MLGO

What specific amendments to MicroAlgo's Memorandum and Association resulted from the July 2, 2025 EGM?

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AI+ Standard 1 day ago
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At the Extraordinary General Meeting (EGM) held on July 2, 2025, MicroAlgo Inc. shareholders approved amendments to the Company's Memorandum and Articles of Association. These amendments were specifically made to reflect a new capital structure following a capital reduction and reorganization.1

The key changes to the Memorandum and Articles of Association include:

  • An amendment to reflect an authorized share capital of US$100.2
  • This authorized share capital is divided into 1,000,000,000 shares.2
  • Each of these shares has a par value of US$0.0000001.2

It is important to note that the implementation of these amendments, along with the capital reduction and reorganization, remains conditional upon receiving sanction from the Grand Court of the Cayman Islands.1

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