AGM/EGMMay 29, 2026, 04:14 PM
Farmmi Shareholders Approve Share Consolidation, Director Re-election
AI Summary
Farmmi, Inc. reported the final results of its annual meeting of shareholders for the fiscal year ended September 30, 2025, held on May 28, 2026. Shareholders approved four key proposals, including the re-election of five directors and the ratification of YCM CPA Inc. as the independent auditor. Additionally, the number of directors on the Board was approved to increase from five to seven, and a share consolidation of the Company's ordinary shares at a ratio between 1-for-5 and 1-for-250 was also approved.
Key Highlights
- Shareholders approved the re-election of five directors: Yefang Zhang, Chenyang Wang, Qinyi Fu, Hongdao Qian, and Hui Ruan.
- The appointment of YCM CPA Inc. as the independent registered public accounting firm for fiscal year 2026 was ratified.
- The number of directors serving on the Board of Directors was approved to increase from five to seven.
- A share consolidation of Class A and Class B ordinary shares was approved at a ratio of not less than 1-for-5 and not more than 1-for-250.
- All proposals submitted at the Annual Meeting were approved by the shareholders.
Price Impact
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