Corporate ActionJul 1, 2026, 06:12 AM
DDC Enterprise Shareholders Approve Reverse Split, Boost Class B Voting Rights
AI Summary
DDC Enterprise Ltd held its Class Meeting and Annual Meeting on June 29, 2026, where shareholders approved several key proposals. Class A shareholders voted to increase the voting rights attached to each Class B Ordinary Share from 10 votes to 100 votes. Additionally, shareholders approved a reverse share split proposal, allowing the Board to effect a split up to a one-for-ten ratio, and ratified the appointment of Enrome LLP as the company's auditor for 2026. The company also elected four directors and granted the board mandates for share issuance and repurchase.
Key Highlights
- Class A shareholders approved increasing Class B voting rights from 10 to 100 votes.
- Shareholders approved a reverse share split proposal up to a 1:10 ratio.
- Four directors (Norma Ka Yin Chu, George Lai, Matthew Gene Mouw, Samuel Chun Kong Shih) were elected.
- Enrome LLP was ratified as the auditor for the fiscal year ending December 31, 2026.
- Board was granted a general mandate to allot, issue, and deal with additional ordinary shares.
- Board was granted a general mandate to repurchase issued shares of the Company.
Price Impact
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