ZHIDA TECH (02650) has officially enacted its previously approved stock subdivision plan, effective March 3. According to the announcement, each existing H share with a par value of RMB 1.00 has been subdivided into five H shares with a par value of RMB 0.20. The subdivided shares commenced trading at 9:00 AM on March 3.

The proposal for the stock split and corresponding amendments to the articles of association was put to a vote during an extraordinary general meeting held on February 13. Shareholders and proxies present held a total of 33,636,010 H shares, representing approximately 56.26% of the total issued H shares. The resolution received unanimous support with no opposing or abstaining votes, securing the required two-thirds majority for formal approval.

Following the implementation of the stock split, and assuming no further issuance or repurchase and cancellation of existing H shares from the announcement date to the effective date, the company will have 298,944,035 subdivided H shares issued and fully paid. New share certificates for the subdivided H shares will be printed in yellow, while the original blue certificates will cease to be valid for trading, settlement, and registration purposes after 4:10 PM today. However, the original certificates will remain effective as proof of ownership.

For investors, the reduction in par value per share lowers the entry barrier for trading, which is expected to enhance market liquidity. This adjustment not only offers retail investors more flexible access but also helps attract increased capital attention to the company's growth potential in the new energy charging equipment sector.