Lucas GC announces effective date of 40-for-1 share consolidation

Lucas GC (LGCL) will effect a forty-for-one share consolidation of its issued and unissued ordinary shares, par value $0.000005 per share and an adoption of dual-class share structure on October 13, 2025. On May 5, 2025, the Company’s shareholders voted and approved at the extraordinary general meeting to implement a forty-for-one share consolidation of the Company’s issued and unissued shares, whereby every 40 authorized issued and unissued shares, par value $0.000005 per share, in the authorized share capital of the Company be consolidated into one share, par value $0.0002 per share, such that the authorized share capital of the Company shall be $50,000 divided into 250,000,000 shares, par value $0.0002 per share; subject to the Share Consolidation, an adoption of dual-class share structure, upon which the authorized share capital of the Company will be changed from $50,000 divided into 250,000,000 Consolidated Shares of a par value of $0.0002 each, to$50,000 divided into 235,000,000 Class A ordinary shares of a par value of $0.0002 each and 15,000,000 Class B ordinary shares of a par value of $0.0002 each; and subject to the Share Consolidation and the adoption of the Dual-Class Share Structure, an amendment and restatement of the existing Amended and Restated Memorandum and Articles of Association of the Company by the deletion in their entirety and the substitution in their place of the Amended and Restated Memorandum and Articles of Association of the Company which incorporate amendments including but not limited to the Share Consolidation and the adoption of the Dual-Class Share Structure and set out the rights and privileges of the Class A Ordinary Shares and Class B Ordinary Shares. In connection with the Share Consolidation and Dual-Class Share Structure, the Company amended and restated its memorandum and articles of association to reflect the adjustment of the number of authorized ordinary shares, the number of Class A Ordinary Shares and Class B Ordinary Shares and the par value. The Company anticipates that beginning with the opening of trading on October 13, 2025, the Company’s Class A Ordinary Shares will trade on the Nasdaq Capital Market on a consolidation-adjusted basis with adoption of dual-class share structure. A new CUSIP number, G57037114, has been assigned to the Company’s Class A Ordinary Shares as a result of the Share Consolidation and Dual-Class Share Structure.