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Huachen AI Parking approves 20-for-1 reverse split

Shareholders also approved lowering Class B voting rights from 200 to 30 votes per share and revising the authorized share capital.

(Moderate)

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Form Type
6-K

Rhea-AI Filing Summary

Huachen AI Parking Management Technology Holding Co., Ltd (HCAI) shareholders approved a 20-for-1 consolidation of issued and unissued Class A and Class B ordinary shares, effective October 23, 2026. Each 20 shares will become one share, with fractional shares rounded up to the nearest whole ordinary share.

Shareholders also approved reducing Class B voting rights from 200 to 30 votes per share on matters at general meetings. The amended and restated memorandum and articles were approved conditional on approval of the voting-rights change and consolidation. All matters voted on were approved; the authorized share capital will be divided into 40,000,000,000 Class A shares and 10,000,000,000 Class B shares after the consolidation.

Share consolidation ratio 20-for-1 Approved consolidation effective October 23, 2026
Effective date October 23, 2026 Share consolidation
Class B voting rights 200 to 30 votes per share Approved change for matters voted on at general meetings
Authorized Class A ordinary shares 40,000,000,000 shares Authorized share capital after the consolidation becomes effective
Authorized Class B ordinary shares 10,000,000,000 shares Authorized share capital after the consolidation becomes effective
Voting power represented Approximately 90.84% At the extraordinary meeting; shares issued and outstanding as of September 21, 2026
share consolidation financial
"to approve a share consolidation of the Company's issued and unissued"
Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.
par value financial
"ordinary shares of a par value of US$0.0000375 each"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
quorum regulatory
"and therefore constituting a quorum"
A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.
special resolution regulatory
"By a special resolution, to approve"
A special resolution is a formal shareholder vote that requires a higher-than-normal majority—typically around three-quarters—to approve major corporate changes, such as altering the company’s governing rules, selling the business, or winding it up. It matters to investors because it signals decisive, potentially value-altering actions that cannot be passed by a simple majority; think of it as needing extra votes to change the rules of a club, so minority interests are harder to override.
Split Ratio 1-for-20 reverse split
Effective Date October 23, 2026
Shares Before Split 10,379,942
Share Count As Of September 21, 2026

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is HCAI's share consolidation ratio and effective date?

HCAI shareholders approved a 20-for-1 share consolidation, effective October 23, 2026. Every 20 Class A shares will become one Class A share, and every 20 Class B shares will become one Class B share. Fractional shares resulting from the consolidation will be rounded up to the nearest whole ordinary share.

How did HCAI shareholders change Class B voting rights?

Shareholders approved reducing the voting rights attached to each Class B ordinary share from 200 votes to 30 votes per share on all matters subject to a vote at general meetings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2026

 

Commission File Number: 001-42505

 

Huachen AI Parking Management Technology Holding Co., Ltd

(Translation of registrant’s name into English)

 

No. 6395 Hutai Road
Baoshan District, Shanghai, China
(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

  

 

 

 

  

On October 13, 2026, at 10:00 A.M., Beijing Time (October 12, 2026, at 10:00 P.M., Eastern Time), Huachen AI Parking Management Technology Holding Co., Ltd (the “Company”) held an extraordinary general meeting of shareholders (the “Extraordinary Meeting”) at its executive office at No. 6395 Hutai Road, Baoshan District, Shanghai, China. Holders of 7,964,048.96 Class A ordinary shares of a par value of US$0.0000375 each (the “Class A Ordinary Shares”), and 533,334 Class B ordinary shares of the Company were present in person or by proxy at the Extraordinary Meeting, representing a total voting power of approximately 90.84% of the total voting power represented by the 10,379,942 Class A and 533,334 Class B ordinary shares issued and outstanding as of the record date of September 21, 2026, and therefore constituting a quorum. All matters voted on at the Extraordinary Meeting were approved as recommended by the Board of Directors of the Company.

 

Extraordinary General Meeting of Shareholders

 

The final voting results for each matter submitted to a vote of shareholders at the Extraordinary Meeting are as follows:

 

      For   Against   Abstain 
Proposal One:  By a special resolution, to approve that the voting rights attached to each Class B ordinary share of a par value of US$0.0000375 each (the “Class B Ordinary Shares”) of the Company be decreased from two hundred (200) votes per share to thirty (30) votes per share on all matters subject to vote at general meetings of the Company (the “Decrease of Voting Rights of Class B Ordinary Shares”).   23,958,456.09    5,235.87    377 
Proposal Two: 

As an ordinary resolution, to approve a share consolidation of the Company’s issued and unissued Class A Ordinary Shares and Class B Ordinary Shares, par value US$0.0000375 each, at a ratio of twenty (20)-for-one (1), such that every twenty (20) Class A Ordinary Shares of a par value of US$0.0000375 each be consolidated into one Class A ordinary share of a par value of US$0.00075 each, and every twenty (20) Class B Ordinary Shares of a par value of US$0.0000375 each be consolidated into one class B ordinary share of a par value of US$0.00075 each (the “Share Consolidation”), and the rounding up of any fractional shares resulting from the Share Consolidation to the nearest whole ordinary share, which shall take effect on October 23, 2026, and upon the Share Consolidation becoming effective, the authorized share capital of the Company shall be changed:

FROM: US$37,500,000 divided into 800,000,000,000 Class A Ordinary Shares of a par value of US$0.0000375 each and 200,000,000,000 Class B Ordinary Shares of a par value of US$0.0000375 each.

TO: US$37,500,000 divided into 40,000,000,000 class A ordinary shares of a par value of US$0.00075 each and 10,000,000,000 class B ordinary shares of a par value of US$0.00075 each.

   23,963,141.00    927.87    0.09 
Proposal Three:  By a special resolution, subject to and conditional upon approval by the shareholders of Proposal One and Proposal Two, to adopt the amended and restated memorandum and articles of association of the Company in substitution for and to the exclusion of the existing amended and restated memorandum and articles of association of the Company, to reflect the Decrease of Voting Rights of Class B Ordinary Shares and Share Consolidation (the “Adoption of the Amended and Restated M&AA”).   23,958,454.09    5,402.87    212 
Proposal Four:  By an ordinary resolution, to adjourn the Extraordinary Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of Proposal One and Proposal Two (the “Adjournment”).   23,958,371.09    5,491.87    206 

  

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: October 14, 2026 Huachen AI Parking Management Technology Holding Co., Ltd
   
  By: /s/ Bin Lu
  Name: Bin Lu
  Title: Chief Executive Officer

 

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