Hongli Group Shareholders Approve Major Capital Restructuring and Share Consolidation

Hongli Group Inc. held an extraordinary general meeting on June 5, 2026, where shareholders approved a comprehensive capital restructuring plan. The approved resolutions include: 1) Share Capital Reorganization creating Class A and Class B ordinary shares, 2) Adoption of amended memorandum and articles of association, 3) Share Capital Reduction reducing par value from $0.0001 to $0.00001 per share, 4) Share Capital Increase authorizing additional shares, and 5) Share Consolidation authorizing the board to consolidate shares at ratios between 2:1 and 5,000:1 over a three-year period. The meeting had a quorum with 43,450,140 shares represented out of 74,738,750 outstanding shares. All resolutions passed with overwhelming support, with the share consolidation resolution receiving 43,320,889 votes in favor versus only 128,330 against. The restructuring creates flexibility for future corporate actions and capital management.