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# TOP KINGWIN Holders Approve 1-for-50 Reverse Split and Nexpu Name Change
- URL: https://redfiled.com/top-kingwin-holders-approve-1-for-50-reverse-split-and-nexpu-name-change/
- Published: 2026-09-04T14:52:33.000Z
- Updated: 2026-09-04T15:34:50.000Z
- Description: Shareholders backed a 200x supervoting Class B structure, a jump in authorized capital to $625 million and a share consolidation effective December 17, 2026.
- Author: William Hayes
- Tags: DPU, Regulatory

**Top KingWin Ltd (DPU)** told the SEC that shareholders approved a sweeping overhaul of its capital structure at an extraordinary general meeting held in Shenzhen on **August 31, 2026**. The nine approved resolutions include a **name change to Nexpu Ltd**, a **1-for-50 share consolidation effective December 17, 2026**, an increase in authorized share capital to **US$625,000,000**, and an increase in the voting power of each Class B share from **40 votes to 200 votes**.

The authorized capital increase lifts the company's share ceiling from **US$31,250,000**, split between 400,000,000 Class A and 100,000,000 Class B shares, to **7,500,000,000 Class A and 2,500,000,000 Class B shares** — the creation of an additional **7.1 billion Class A** and **2.4 billion Class B** shares.

A second special resolution rewrote the Class B terms in three ways. Beyond the move to **200 votes per share**, Class B shares may now be transferred to *any person or entity (whether or not being an affiliate of such holder)* without converting into Class A, and each Class B share becomes convertible into **200 Class A shares** at any time. Class A holders retain **one vote** each and no conversion rights.

Shareholders also approved a capital reduction and reorganization that cuts the par value of every issued share from **US$0.0625 to US$0.000001**, cancelling **US$0.062499** of paid-up capital per share. The resulting credit moves to a distributable reserve the board may use as it sees fit, including *eliminating or setting off any accumulated losses of the Company*. Authorized capital then drops to **US$10,000** on the same share count.

The consolidation approved for **December 17, 2026** combines every **50** issued and unissued Class A and Class B shares into one, taking authorized share capital to **150,000,000 Class A** and **50,000,000 Class B** shares at US$0.00005 par. No fractional shares will be issued; entitlements are **rounded up** to the next whole share.

Shareholders further adopted a **Class B Ordinary Shares Incentive Plan**, authorizing the board to grant awards and issue Class B shares under it, alongside three successive sets of amended memorandum and articles of association reflecting each step.

The votes were lopsided. Holders of **730,683 of 2,865,936 Class A shares** and **all 139,942 Class B shares** participated, and with Class B carrying 40 votes apiece at the time, roughly **6.33 million votes** were cast in favor of each item against no more than **1,278 against**. The filing was signed by chief executive **Ruilin Xu**.

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This is a factual summary of a public filing or press release, not investment advice. Verify all figures against the source before acting on them.