Creative Global Tech Proposes Share Restructuring, Class B Rights, Consolidation

Creative Global Technology Holdings Ltd. has proposed significant corporate actions, including a variation of Class B ordinary share rights to increase voting power from 20 to 100 votes per share while removing dividend rights. The company also plans a share restructuring involving an increase in authorized share capital from US$2 million to US$90 million, immediately followed by a reduction to US$900,000 by decreasing the par value of both Class A and Class B shares. Additionally, the board approved a proposed share consolidation (reverse stock split) of up to 1:1500, to be implemented at the board's discretion within two years, all subject to shareholder and Class B holder approvals.