ZJK Industrial Adopts Dual-Class Structure with 9M 30-Vote Shares and Nasdaq Listing
ZJK Industrial restructured its share capital, re-designating 64,322,249 issued shares into 9,000,000 Class B and 55,322,249 Class A shares while converting 2.94 billion authorized shares into Class A. Class B shares carry thirty votes and convert one-for-one to Class A, with Class A shares trading on Nasdaq March 17, 2026.
1. Approval and Implementation
On March 6, 2026, ZJK Industrial shareholders approved a share capital reorganization introducing Class A and Class B ordinary shares under the company’s amended and restated memorandum and articles of association.
2. Share Capital Reclassification
All 64,322,249 issued ordinary shares were re-designated on a one-for-one basis as 9,000,000 Class B shares held by five major shareholders and 55,322,249 Class A shares, while 2,935,677,751 authorized but unissued shares were converted into Class A.
3. Voting Rights and Conversion
Class B ordinary shares carry thirty votes per share and are convertible into Class A ordinary shares on a one-for-one basis at the holder’s discretion, with all other rights identical to those of Class A shares.
4. Nasdaq Listing Details
Class A ordinary shares will begin trading on the Nasdaq Capital Market under the existing ticker on March 17, 2026; the CUSIP description will be updated to reflect the Class A designation while the CUSIP number remains unchanged.