Lucas GC Limited Confirms Implementation Date for Share Consolidation and Dual-Class Share Structure

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NEW YORK, Oct. 09, 2025 — Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (AI) technology-driven Platform-as-a-Service (PaaS) company whose technologies have been applied to the human resources and insurance industry verticals, today announced that it will implement a forty-for-one (40-for-1) share consolidation of its issued and unissued ordinary shares, with a par value of US$0.000005 per share, and adopt a dual-class share structure, both effective on October 13, 2025.

On May 5, 2025, the Company’s shareholders convened at an extraordinary general meeting and approved the implementation of: (i) a forty-for-one (40-for-1) share consolidation of the Company’s issued and unissued shares, meaning every 40 authorized issued and unissued shares, each with a par value of US$0.000005, will be combined into one share with a par value of US$0.0002 (referred to as the “Consolidated Shares”). This will result in the Company’s authorized share capital becoming US$50,000, divided into 250,000,000 shares, each with a par value of US$0.0002 (this process is termed “Share Consolidation”). (ii) Subsequent to the Share Consolidation, the adoption of a dual-class share structure (the “Dual-Class Share Structure”), under which the Company’s authorized share capital will change from US$50,000, comprising 250,000,000 Consolidated Shares (US$0.0002 par value each), to US$50,000, consisting of 235,000,000 Class A ordinary shares (US$0.0002 par value each) (the “Class A Ordinary Shares”) and 15,000,000 Class B ordinary shares (US$0.0002 par value each) (the “Class B Ordinary Shares”). (iii) Following both the Share Consolidation and the adoption of the Dual-Class Share Structure, an amendment and restatement of the Company’s existing Amended and Restated Memorandum and Articles of Association will occur. This involves deleting the current document in its entirety and replacing it with the Amended and Restated Memorandum and Articles of Association of the Company (the “Amended and Restated M&AA”), which will incorporate changes including, but not limited to, the Share Consolidation and the adoption of the Dual-Class Share Structure, and will define the rights and privileges of the Class A Ordinary Shares and Class B Ordinary Shares.

In conjunction with the Share Consolidation and Dual-Class Share Structure, the Company has amended and restated its memorandum and articles of association to reflect the adjusted count of authorized ordinary shares, the specific numbers of Class A Ordinary Shares and Class B Ordinary Shares, and their updated par value.

The Company anticipates that starting with the opening of trading on October 13, 2025, its Class A Ordinary Shares will trade on the Nasdaq Capital Market on a consolidation-adjusted basis, incorporating the dual-class share structure. A new CUSIP number, G57037114, has been assigned to the Company’s Class A Ordinary Shares as a direct outcome of the Share Consolidation and Dual-Class Share Structure.

The Share Consolidation and the adoption of the Dual-Class Share Structure will affect all of the Company’s issued and outstanding ordinary shares. Vstock Transfer, LLC, the Company’s transfer agent, is serving as the exchange agent for the Share Consolidation. Shareholders holding their shares in book-entry form or in “street name” (e.g., through a broker, bank, or other record holder) are not required to take any action. The Share Consolidation will impact all shareholders uniformly and will not alter any shareholder’s proportional interest in the Company’s equity. No fractional shares will be issued; instead, shareholders who would otherwise be entitled to a fractional share will have their entitlement rounded up to the nearest whole share.

The Company projects that the Share Consolidation will lead to an increase in the market price per share of the Company’s Class A Ordinary Shares.

Registered shareholders holding pre-consolidated shares of the Company are not required to take any action to receive their post-consolidated shares. Shareholders whose shares are held via a broker, bank, trust, or other nominee will have their positions automatically adjusted to reflect the share consolidation and will not need to take any action in connection with this process.

About Lucas GC Limited

Lucas GC Limited is an AI technology-driven PaaS company, holding 19 granted U.S. and Chinese patents and over 75 registered software copyrights in AI, data analytics, and blockchain technologies. Its platform supports over 780,320 agents. Lucas’ advanced technologies are applied across the human resources and insurance industry verticals. For more information, please visit: www.lucasgc.com.

Forward-Looking Statements

This press release may contain “forward-looking statements” concerning future expectations, plans, and prospects, as well as any other statements that are not historical facts. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify these statements, though not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements due to various important factors, including uncertainties related to market conditions. Any forward-looking statements contained in this press release are valid only as of its date, and Lucas GC Limited specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

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