Share Capital Increase and Share Capital Alteration became effective on August 14, 2026 on NYSE American Market.  Hong Kong, Aug.  18, 2026  (GLOBE NEWSWIRE) -- Green Circle Decarbonize Technology Limited (the

GCDT

Green Circle Decarbonize Technology Limited Announce Share Capital Increase and Share Capital Alteration

GCDT expands authorized capital, adopts dual-class structure with Class B control

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Share Capital Increase and Share Capital Alteration became effective on August 14, 2026 on NYSE American Market.  Hong Kong, Aug.  18, 2026  (GLOBE NEWSWIRE) -- Green Circle Decarbonize Technology Limited (the</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Green Circle Decarbonize Technology announced an authorized capital increase and a new dual-class share design. The company re-designated ordinary shares as Class A, then issued Class B with 50 votes per share while repurchasing some Class A shares, effectively concentrating control with the Class B holders. The move could enable future funding but raises governance concerns for minority investors; effective Aug 14, 2026.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Authorized capital up to US$5,000,000; share re-designation into Class A and Class B.</li><li>Class A 1 vote; Class B 50 votes; new governance structure.</li><li>Repurchase of Class A by Joyful Star and Green Circle; Class B issued.</li><li>Effective Aug 14, 2026 on NYSE American.</li><li>Forward-looking statements; risks; no obligation to update.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Green Circle Decarbonize Technology Limited (GCDT)</strong>: Announced share capital increase and dual-class redesign; core governance and funding implications.</li><li><strong>Joyful Star Limited (N/A)</strong>: Holders of Class A shares; 5,280,000 A repurchased and converted to Class B.</li><li><strong>Green Circle Limited (N/A)</strong>: Holders of Class A shares; 1,080,000 A repurchased and converted to Class B.</li><li><strong>Boca International Limited (N/A)</strong>: Hong Kong subsidiary; operating entity; not publicly traded.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article details a material capital-structure move—authorization expansion and a dual-class design—that directly affects governance and potential dilution, key valuation drivers for GCDT.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Dual-class structure concentrates voting power, potentially weighing on minority holders.</li><li>Authorized capital expansion enables future equity raises and possible dilution.</li><li>Class A repurchase and Class B issuance alter ownership dynamics and control.</li><li>Effective date August 14, 2026 may prompt near-term price action around filings.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Board approvals: July 17, 2026 and August 6, 2026; EGM August 10, 2026.</li><li>Share Capital Increase increased authorized capital from US$50,000 to US$5,000,000.</li><li>Authorized shares: 5,000,000,000 total; par value US$0.001.</li><li>New split: 4,993,640,000 Class A; 6,360,000 Class B.</li><li>Issued Capital Change: 5,280,000 Class A repurchased; 5,280,000 Class B issued; 1,080,000 A repurchased; 1,080,000 B issued.</li><li>Voting rights: Class A 1 vote per share; Class B 50 votes per share.</li><li>Effective date: August 14, 2026 on NYSE American.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term volatility from a governance shift; 3–6 months outlook depends on fundraising and minority-rights perception.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify"><b><i>Share Capital Increase and Share Capital Alteration became effective on August 14, 2026 on NYSE American Market.</i></b></p>  <p align="justify">Hong Kong, Aug.  18, 2026  (GLOBE NEWSWIRE) -- Green Circle Decarbonize Technology Limited (the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GCDT">GCDT</a>), a Cayman Islands holding company that, through its Hong Kong subsidiary, Boca International Limited, develops and manufactures Phase Change Material (PCM-TES) storage systems designed for cooling and heating applications, today announced that it has effected an increase in its authorized share capital ("Share Capital Increase"), and an alteration to its share capital structure ("Share Capital Alteration"). These actions were approved by the board of directors of the Company on 17 July 2026 and August 6, 2026, and by the Company’s shareholders at the Extraordinary General Meeting Held on August 10, 2026 at 10:00 am Hong Kong time (equivalent to August 9, 2026 at 10:00 pm Eastern time).</p>  <p align="justify"><b>Share Capital Increase </b></p>  <p align="justify">The Share Capital Increase, approved as an ordinary resolution, increased the authorized share capital from US$50,000 divided into 50,000,000 shares of a par value of $US$0.001 each (the "Ordinary Shares") to US$5,000,000 divided into 5,000,000,000 shares of a par value of US$0.001 (the "Share Capital Increase").</p>  <p align="justify"><b>Share Capital Alteration </b></p>  <p align="justify">As the Share Capital Increase has taken effect, the Share Capital Alteration, approved as a special resolution, amended the share capital of the Company by:</p>  <ol style="list-style-type:decimal;"><li style="text-align:justify;"><b>Authorized Share Capital Change: </b>Re-designating the authorized share capital from US$5,000,000 divided into 5,000,000,000 shares of a par value of US$0.001 each as 4,993,640,000 Class A ordinary shares of a par value of US$0.001 each (the "Class A Ordinary Shares") and 6,360,000 Class B ordinary shares of a par value of US$0.001 each (the "Class B Ordinary Shares&#34;), with rights, privileges, and restrictions as set out in second the amended memorandum and articles of association (the &#34;New M&amp;A&#34;) of the Company adopted as part of this special resolution. <br></br><br></br></li><li style="text-align:justify;"><b>Issued Share Capital Change:</b> all ordinary shares were re-designated as Class A ordinary Shares on a one-for-one basis and then the Company repurchased the following issued and outstanding Class A Ordinary Shares and issued equivalent number of Class B Ordinary Shares as consideration as follows: <br></br><br></br> <ol style="list-style-type:lower-alpha;"><li style="text-align:justify;">5,280,000 Class A Ordinary Shares held by Joyful Star Limited were repurchased and in consideration 5,280,000 Class B Ordinary Shares were issued;</li><li style="text-align:justify;">1,080,000 Class A Ordinary Shares held by Green Circle Limited were repurchased and in consideration, 1,080,000 Class B Ordinary Shares were issued;<br></br><br></br></li></ol> </li><li style="text-align:justify;"><b>M&amp;A Amendments: </b>the memorandum and articles of association of the Company was amended by the adoption of the New M&amp;A to reflect the new share structure, including the rights and privileges of Class A and Class B Ordinary Shares. Each Class A Ordinary Share will carry one (1) vote per share, and each Class B Ordinary Share will carry fifty (50) votes per share.<br></br></li></ol>  <p align="justify"><b>About Green Circle Decarbonize Technology Limited</b></p>  <p align="justify">Green Circle Decarbonize Technology Limited is a Cayman Islands holding company operating through its Hong Kong subsidiary, Boca International Limited. The Company is a provider of advanced energy saving solutions supported by proprietary phase change thermal energy storage materials and thermal engineering services.</p>  <p align="justify"><b>Forward-Looking Statements</b></p>  <p align="justify">Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "aim", "anticipate", "believe", "estimate", "expect", "going forward", "intend", "may", "plan", "potential", "predict", "propose", "seek", "should", "will", "would" or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.</p>  <p align="justify">For more information, please contact:</p>  <p align="justify"><b>Green Circle Decarbonize Technology Limited</b></p>  <p align="justify">Chief Financial Officer<br></br>Email: <a href="https://www.globenewswire.com/Tracker?data=zB66oWgn2qTL64kb-2XX9DkGzOkvQf8gwlU3z-NTDKIZ0qbsOWoZG0SUXGd6-o5a-Y9aoQPePnlG6axY8eqoPoH0Qm_ATca7FmiZysGcbb8=" rel="nofollow" target="_blank">louis.leung@vbg.com.hk</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgxMjA3OSM3NzgyMTUwIzUwMDE1NzE1Mg=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YWM2MDc0NWUtZmZmMS00NWU3LTgxMzYtYzE0ODBjZDZkN2Q5LTUwMDE1NzE1Mi0yMDI2LTA4LTE4LWVu/tiny/Green-Circle-Decarbonize-Techn.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/8e7123ea-d756-430e-93ec-015c295ac5b8"><img src="https://ml.globenewswire.com/media/8e7123ea-d756-430e-93ec-015c295ac5b8/small/logo-jpg.jpg" border="0" width="134" height="150" alt="Primary Logo"></img></a></p>

Green Circle Decarbonize Technology announced an authorized capital increase and a new dual-class share design. The company re-designated ordinary shares as Class A, then issued Class B with 50 votes per share while repurchasing some Class A shares, effectively concentrating control with the Class B holders. The move could enable future funding but raises governance concerns for minority investors; effective Aug 14, 2026.

News insight

Green Circle Decarbonize Technology Limited Announce Share Capital Increase and Share Capital Alteration

AI summary

Sentiment rationale

Key facts

Corporate Developments