Lucas GC (LGCL) Company Report

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Recent press releases and 8-K filings for LGCL.

Lucas GC Limited Shareholders Approve Capital Increase and Share Consolidation

LGCL

Proxy Vote Outcomes

Lucas GC Limited held an Extraordinary General Meeting (EGM) on December 5, 2025, where all matters submitted to shareholders were approved.
Shareholders approved a change in the authorized share capital, increasing it from US$50,000 (divided into 250,000,000 shares) to US$500,000 (divided into 2,500,000,000 shares).
The EGM also approved the implementation of a share consolidation (reverse stock split) with an accumulative ratio not exceeding 5000:1, to be determined by the Board within two years.
Amendments to the company's memorandum and articles of association were approved to incorporate these changes.

Dec 9, 2025, 2:00 PM

Lucas GC Limited Regains Nasdaq Minimum Bid Price Compliance

LGCL

Delisting/Listing Issues

Lucas GC Limited (LGCL) has regained compliance with the Nasdaq Minimum Bid Price Requirement (Rule 5550(a)(2)).
The company received a notification letter from Nasdaq on November 3, 2025, confirming its compliance.
Compliance was achieved as the closing bid price of its ordinary shares remained at US$1.00 or greater for 15 consecutive business days, from October 13, 2025, to October 31, 2025.
This resolves the previous non-compliance notice issued on September 5, 2025, and the matter is now closed.

Nov 5, 2025, 2:00 PM

Lucas GC Limited Announces 1H 2025 Financial Results

LGCL

Earnings

Demand Weakening

New Projects/Investments

Lucas GC Limited reported revenue of US$54.01 million for the six months ended June 30, 2025, marking a 36.11% decrease compared to the same period in 2024.
The company's gross margin increased by 200 basis points to 33.74% for the first half of 2025, up from the prior year period.
Net income for 1H 2025 was US$3.0 million (RMB21.49 million), a decrease from RMB53.93 million in 1H 2024.
Management attributed the revenue decline to a slowdown in the Chinese economy, a strategic focus on higher-margin products, and efforts to initiate operations outside China.

Oct 31, 2025, 9:00 PM

Lucas GC Limited Announces Effective Date for Share Consolidation and Dual-Class Structure

LGCL

Proxy Vote Outcomes

Share Consolidation

Corporate Governance

Lucas GC Limited will effect a forty (40)-for-one (1) share consolidation and adopt a dual-class share structure on October 13, 2025.
These changes were approved by the Company's shareholders at an extraordinary general meeting on May 5, 2025.
Following the consolidation and dual-class structure adoption, the authorized share capital will be US$50,000, divided into 235,000,000 Class A ordinary shares and 15,000,000 Class B ordinary shares, each with a par value of US$0.0002.
Each Class A Ordinary Share will entitle the holder to one (1) vote, while each Class B Ordinary Share will entitle the holder to 480 votes on matters subject to shareholder vote.
A new CUSIP number, G57037114, has been assigned to the Company's Class A Ordinary Shares as a result of these changes.

Oct 9, 2025, 1:10 PM

Lucas GC Limited Receives Nasdaq Minimum Bid Price Non-Compliance Notification

LGCL

Delisting/Listing Issues

Lucas GC Limited (LGCL) received a notification from Nasdaq on September 11, 2025, indicating non-compliance with the minimum bid price requirement.
The non-compliance is due to the closing bid price of its ordinary shares being below $1.00 per share for 30 consecutive business days.
The Company has a compliance period of 180 calendar days, until March 4, 2026, to regain compliance.
To regain compliance, the closing bid price must be at least $1.00 for a minimum of 10 consecutive business days.
Lucas GC Limited is considering options, including a reverse stock split, to regain compliance.

Sep 11, 2025, 1:00 PM

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