Greenland Technologies Launches Dual-Class Shares with 25-Vote Class B Effective Feb 24
On February 24, 2026, Greenland Technologies’ dual-class structure converts each ordinary share into Class A (one vote) or Class B (25 votes). Class A shares retain the GTEC symbol and CUSIP, while Class B consolidation of voting power may influence governance quality and institutional demand.
1. Effective Date and Governance Amendment
On February 24, 2026, Greenland Technologies will implement its dual-class share structure after amending and restating its memorandum and articles of association to establish differentiated voting rights.
2. Share Designation and Voting Rights
The company re-designated ordinary shares into Class A ordinary shares carrying one vote each and Class B ordinary shares carrying 25 votes each, consolidating voting influence among select shareholders.
3. Trading and Investor Considerations
Beginning February 24, Class A shares will trade under the GTEC symbol with CUSIP G4095T107, while limited availability of Class B shares may heighten governance concentration and affect institutional demand.