Summary by Moomoo AI
BEIJING JINGCHENG MECHANICAL CO., LTD. (JINGCHENG ELECTRIC) FILED A NEXT DAY DISCLOSURE REPORT ON DECEMBER 29, 2023 DISCLOSING CHANGES IN ITS ISSUED SHARE CAPITAL. The report shows that Jingcheng Electric completed the registration procedure for the first issuance of restricted shares under the Restricted Stock Incentive Scheme on December 28, 2023, and issued 5,400,000 shares of ordinary shares on the same day, representing 1% of the shares issued before their change. The issue price of the new share was RMB7.33 per share, representing a 13% decrease from the closing price of RMB43.62% on the previous business day. Upon completion of the issuance, the issued share capital of Keicheng Electric was increased to 447,665,988 shares. In addition, the number of shares of the company's Class H ordinary shares on the Hong Kong Stock Exchange remained unchanged at 100,000,000 shares. The Company confirms that all relevant legal and regulatory procedures have been complied with and have been formally authorized by the Board of Directors.