MicroPort CardioFlow Medtech Corporation (Stock Code: 2160) announced a proposed share consolidation plan, in which every five (5) shares with a par value of US$0.000005 each will be consolidated into one (1) share with a par value of US$0.000025 each. According to the announcement, there are 6,366,554,182 existing shares in issue as of the latest practicable date. Upon completion of the share consolidation, the total number of issued shares will be adjusted to 1,273,310,836 (assuming no changes before it becomes effective).
The effective date of the share consolidation is currently expected to be Friday, February 13, 2026, subject to shareholders’ approval at the extraordinary general meeting (EGM) to be held on Wednesday, February 11, 2026. The board lot size of 1,000 shares will remain unchanged.
The proposal aims to meet relevant trading requirements and potentially reduce transaction costs. After the consolidation takes effect, the old share certificates may be exchanged for new certificates until Thursday, March 26, 2026. Fractional shares resulting from the process will be disregarded and aggregated for the company’s benefit.
The EGM will take place at 10:00 a.m. on February 11, 2026, at the company’s Shanghai office. Shareholders wishing to vote must lodge any necessary transfer documents by 4:30 p.m. on Thursday, February 5, 2026, to be eligible for attendance. Further details are provided in the official notice of the meeting.