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all of the Company's authorized issued and unissued ordinary shares on a 25:1 basis (the "Share Consolidation"), which was approved by the Company's board of directors on April 9, 2025, and approved by the Company's shareholders on April 28, 2025. As a result of the Share Consolidation, each of the 50,000,000 authorized ordinary shares, issued and unissued, in the Company of US$0.001 par value will automatically be consolidated into to 2,000,000 ordinary shares of US$0.025 par value each, without any action on the part of the shareholders.
Beginning with the opening of trading on May 20, 2025, the Company's ordinary shares will trade on a post-Share Consolidation basis on the Nasdaq Capital Market under the same symbol "UOKA," but under a new CUSIP number of G59290117. No fractional shares will be issued in connection with the Share Consolidation. Instead, record holders who otherwise would be entitled to receive fractional shares because they hold a number of shares not evenly divisible by the Share Consolidation ratio will automatically be entitled to receive an additional fraction of one share to round up to the next whole share. For those beneficial holders who hold shares through a brokerage firm, the Company intends to round up fractional shares at the participant level. Cash will not be paid for fractional shares.
Posted In: UOKA
