Creative Global to Boost Class B Voting Rights, Expand Capital, Plan Reverse Split

Creative Global Technology Holdings Ltd (CGTL) announced an Extraordinary General Meeting (EGM) on June 12, 2026, to vote on several significant corporate actions. Key proposals include increasing Class B Ordinary Share voting rights from 20 to 100 votes per share, which would boost founder Shangzhao Hong's voting power from 91.25% to 98.11%. The company also seeks to increase its authorized share capital from $2 million to $90 million, reduce the par value of shares from $0.001 to $0.00001, and approve up to five share consolidations (reverse stock splits) at a ratio of up to 1:1500. These changes, if approved, will significantly alter the company's capital structure and shareholder control.