Hongli Group Inc. Extraordinary General Meeting Notice for Major Capital Restructuring

Hongli Group Inc. has filed a Form 6-K announcing an extraordinary general meeting scheduled for June 5, 2026, to seek shareholder approval for a comprehensive capital restructuring plan. The company proposes nine major resolutions including: 1) Share Capital Reorganization to create dual-class share structure with Class A and Class B ordinary shares, 2) Adoption of amended memorandum and articles of association, 3) Share Capital Reduction to reduce par value from $0.0001 to $0.00001 per share, 4) Subsequent Share Capital Increase to expand authorized shares tenfold, and 5) Share Consolidation authority allowing reverse stock splits between 2:1 and 5,000:1 over three years. The restructuring aims to comply with Cayman Islands law, enhance Nasdaq listing compliance by addressing minimum bid price requirements, and provide flexibility for future capital raising. The board unanimously recommends voting FOR all proposals. The record date for shareholders entitled to vote is May 4, 2026, with 74,738,750 ordinary shares outstanding.