Lucas GC Limited Announces Effective Date of Share Consolidation

NEW YORK, Aug. 28, 2026 (GLOBE NEWSWIRE) -- Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (the “AI”) technology-driven Platform-as-a-Service (the “PaaS”) company, applying such technologies in human resources and insurance industry verticals, today announced that it will effect a one hundred and twenty-five (125)-for-one (1) share consolidation of its issued and unissued Class A ordinary shares and Class B ordinary shares, par value US$0.0002 per share on September 1, 2026.

On December 5, 2025, the Company’s shareholders voted and approved at the extraordinary general meeting (the “EGM”) (i) the proposal which authorized the board of directors of the Company (the “Board”) to implement share consolidation(s) of ordinary shares of the Company, at any one time or multiple times during a period of up to two years of the date of the EGM, at the exact consolidation ratio(s) and effective time(s) as the Board may determine from time to time in its absolute discretion, provided that the accumulative consolidation ratio(s) for all such share consolidation(s) shall not exceed 5,000:1; and (ii) subject to the implementation of a share consolidation with the exact consolidation ratio and the effective date of such share consolidation as determined by the Board, the adoption of an amended and restated memorandum and articles of association in substitution for, and to the exclusion of, the Company’s memorandum and articles of association in effect immediately prior to the implementation of such share consolidation, to reflect such share consolidation.