Ridgetech Inc., formerly China Jo-Jo Drugstores, Inc., has completed a capital reduction and share subdivision. The par value of each ordinary share was reduced from US$0.24 to US$0.001, resulting in the subdivision of each authorized but unissued ordinary share into 240 new shares. The company's authorized share capital now totals US$36,010,000, comprising 36 billion ordinary shares and 10 million preferred shares, each valued at US$0.001. The changes became effective on May 28, 2025, following confirmation from the Grand Court of the Cayman Islands.
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