NCI Announces Share Consolidation Efforts
News related to:Neo-Concept International Group Holdings Limited · 4 min read
HONG KONG, Nov. 02, 2026 /CourierPR/ -- Neo-Concept International Group Holdings Limited (NCI) announced a significant share consolidation at its Extraordinary General Meeting (EGM) held on October 29, 2026. The shareholders approved a share consolidation, whereby every two issued and unissued shares of the Company, including both class A ordinary shares of par value US$0.0025 each and class B ordinary shares of par value US$0.0025 each, in the share capital of the Company, would be consolidated into one share (the "Consolidation Share(s)"). The exact ratio to be set at a specific number within the range to be determined by the board of directors of the Company in their discretion by not later than the Effective Date (the "Consolidation Ratio"), would be effective from such date and time to be determined by the board of directors of the Company, which in any event shall not be later than December 31, 2026.
At the EGM, the shareholders also approved a separate ordinary resolution granting the board of directors a standing authority, for two years from the date of the EGM, to effect one or more further share consolidations at a ratio of up to five hundred to one in the aggregate, which cap the Share Consolidation does not count towards or consume.
The share consolidation, within the range that every eight issued and unissued shares of the Company of US$0.0025 par value each would be consolidated into one share of par value US$0.02 each, would be reflected with the Nasdaq Capital Market and in the marketplace at the open of business on November 10, 2026, whereupon the Class A ordinary shares will continue trading under the symbol "NCI" and under the new CUSIP Number of G6421C146. Immediately prior to the Share Consolidation, the Company had 8,481,952 ordinary shares issued and outstanding, comprising 8,341,952 Class A ordinary shares and 140,000 Class B ordinary shares. Upon the Share Consolidation becoming effective, the Company will have approximately 1,060,246 ordinary shares issued and outstanding, comprising approximately 1,042,746 Class A ordinary shares and 17,500 Class B ordinary shares, subject to adjustment as a result of the treatment of fractional shares in the Share Consolidation.
NCI, a one-stop apparel solution services provider, offers a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management, serving customers located in the European and North American markets. The company also sells its own branded fashion products under the brand "Les100Ciels" through retail stores in the UK and UAE, as well as the e-commerce platforms www.les100ciels.com and www.les100ciels.me. NCI is dedicated to minimizing its environmental footprint by implementing various eco-friendly practices, prioritizing recycling, clean processes, and traceable sourcing as part of its commitment to reducing environmental impact. The company actively seeks sustainable solutions throughout the garment production process, aiming to meet the needs of its customers in an environmentally responsible manner.
The company's board of directors will determine the Consolidation Ratio, which will be effective from the date and time determined by the board of directors, not later than December 31, 2026. The Share Consolidation will be reflected with the Nasdaq Capital Market and in the marketplace at the open of business on November 10, 2026, whereupon the Class A ordinary shares will continue trading under the symbol "NCI" and under the new CUSIP Number of G6421C146. Immediately prior to the Share Consolidation, the Company had 8,481,952 ordinary shares issued and outstanding, comprising 8,341,952 Class A ordinary shares and 140,000 Class B ordinary shares. Upon the Share Consolidation becoming effective, the Company will have approximately 1,060,246 ordinary shares issued and outstanding, comprising approximately 1,042,746 Class A ordinary shares and 17,500 Class B ordinary shares, subject to adjustment as a result of the treatment of fractional shares in the Share Consolidation.
NCI, a one-stop apparel solution services provider, offers a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management, serving customers located in the European and North American markets. The company also sells its own branded fashion products under the brand "Les100Ciels" through retail stores in the UK and UAE, as well as the e-commerce platforms www.les100ciels.com and www.les100ciels.me. NCI is dedicated to minimizing its environmental footprint by implementing various eco-friendly practices, prioritizing recycling, clean processes, and traceable sourcing as part of its commitment to reducing environmental impact. The company actively seeks sustainable solutions throughout the garment production process, aiming to meet the needs of its customers in an environmentally responsible manner.
The board of directors will determine the Consolidation Ratio, which will be effective from the date and time determined by the board of directors, not later than December 31, 2026. The Share Consolidation will be reflected with the Nasdaq Capital Market and in the marketplace at the open of business on November 10, 2026, whereupon the Class A ordinary shares will continue trading under the symbol "