Corporate ActionJul 14, 2026, 04:37 PM

Decent Holding Inc. Shareholders Approve Capital Increase & Share Consolidation

AI Summary

Decent Holding Inc. held an Extraordinary General Meeting on July 14, 2026, where shareholders approved all proposals. Key approvals include increasing the authorized share capital from $50,000 to $2,500,000 and authorizing a share consolidation (reverse stock split) at a ratio between 1-for-10 and 1-for-250. The meeting achieved a quorum with approximately 78.7% of all votes cast.

Key Highlights

Shareholders approved increasing authorized share capital from $50,000 to $2,500,000.
Approved creation of 880,200,000 additional Class A and 99,800,000 Class B Ordinary Shares.
Approved share consolidation (reverse stock split) at a ratio of 1-for-10 to 1-for-250.
Approved adoption of the Fourth Amended and Restated Memorandum and Articles of Association.
Approved adoption of New M&A upon each Share Consolidation.
Quorum achieved with 78.7% of total votes entitled to be cast at the meeting.
Proposal 1 (Capital Increase) passed with 4,410,183.81 "For" votes.
Proposal 2 (Share Consolidation) passed with 4,411,770.81 "For" votes.

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DXST

Miscellaneous

Decent Holding Inc.

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