TIAN RUIXIANG Increases Capital to US$3.75B, Implements 1-for-50 Reverse Split
TIAN RUIXIANG Holdings increased authorized share capital to US$3.75 billion and received board authorization for a reverse share split ratio between 1-for-2 and 1-for-5,000 at its AGM. The board approved a specific 1-for-50 reverse split, combining every fifty Class A and Class B shares with fractional shares rounded up.
1. AGM Resolutions
At the February 17, 2026 annual general meeting, shareholders approved an increase in authorized share capital to US$3.75 billion and granted the board authority to execute a reverse share split at any ratio between 1-for-2 and 1-for-5,000.
2. Reverse Split Implementation
Following the meeting, the board fixed the reverse split ratio at 1-for-50, effective upon completion of Nasdaq procedures; every fifty existing Class A and Class B shares will automatically combine into one share, with fractional entitlements rounded up.
3. Effects on Share Structure
The 1-for-50 reverse split will reduce the total share count by approximately 98%, potentially improving per-share metrics and helping the company meet minimum price requirements, while the increased authorized capital provides flexibility for future equity issuances.
4. TIAN RUIXIANG Business Profile
Headquartered in Beijing, TIAN RUIXIANG operates as an insurance broker via a China-based variable interest entity, distributing property and casualty products—such as commercial property, liability, auto, and accident insurance—as well as health, life, and other insurance lines.