Economic Observation Network Uniqlo (NASDAQ: UK) plans to hold an extraordinary shareholders' meeting at the Guancheng Building in Chaoyang, Beijing on November 8, 2026 at 21:00 Eastern Time and 10:00 Beijing Time on November 9, 2026. The equity registration date is the close of trading on October 8 Eastern Time, and the core proposal is to comply with Nasdaq's minimum offer requirement of $1 by combining shares through reverse stock splits and increasing authorized share capital. If the closing bid price of Class A common stock on the NASDAQ capital market is below $1 for three consecutive trading days, the company will initiate a reverse stock split. The merger ratio can be 10:1, 8:1, 6:1, 4:1, 3:1, 2:1 from high to low, with the goal of no less than 500000 shares held by the public after the split. The company had previously implemented a 10 in 1 reverse stock split, which was interpreted by the market as a technical move to deal with low stock prices, causing severe fluctuations in stock prices under low liquidity. Repeated stock consolidation usually means that the stock price continues to be under pressure after consolidation, which is a signal that needs to be vigilant.

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