Summary by Moomoo AI
New Fire Technology Holdings Limited (“New Fire Technologies”) announced on 29 January 2024 that Avenir Cayman Holding Limited (“Avenir Cayman”), one of its major shareholders, has completed a capital restructuring to distribute approximately 26.83% of the Company's shares to multiple underwriters. Following the distribution of the shares, Mr. Li Lin, the Non-Executive Director, held approximately 19.53% of the shares indirectly through Avenir Investment Limited, while the Executive Director and Shareholder Mr. Du Khun held approximately 17.96% of the shares. The Company states that this distribution of shares is for restructuring purposes only and will not adversely affect the financial condition and operations of the Company and its subsidiaries.