SOLAI Ltd’s Chief Executive Officer, Xianfeng Yang, resigned effective September 30, 2026.
SOLAI Ltd (SLAIY) reports leadership changes, with the resignation of an independent director and the Chief Financial Officer. Effective August 21, 2026, Zhan Chen resigned from the board, which also ended his roles on the audit, nominating and corporate governance, and strategic planning committees. Effective August 31, 2026, Qiang Yuan resigned as Chief Financial Officer. The company states that both resignations were not due to any disagreement with the company’s operations, policies, or practices.
SOLAI Limited reported that shareholders approved several capital structure changes at an extraordinary general meeting held on August 14, 2026. Resolutions included an increase in authorised share capital from US$1,940,000 to US$3,500,020,006.525, with corresponding increases in authorised Class A Ordinary, Class A Preference, Class A II Preference, and Class B Ordinary Shares.
Shareholders also approved a Share Consolidation, consolidating every 700 authorised shares of par value US$0.00005 into one share of par value US$0.035, resulting in 100,000,000,000 authorised Class A Ordinary Shares, 93 Class A Preference Shares, 93 Class A II Preference Shares and 571,429 Class B Ordinary Shares. Fractional Class A-related shares from the consolidation will be rounded up, while fractional Class B shares will be rounded down, cancelling all issued Class B Ordinary Shares as of the consolidation’s effective date. The company notes that its American depositary shares each currently represent 700 Class A ordinary shares and trade under symbol SLAIY.