AGM/EGMMay 6, 2026, 04:10 PM
Farmmi to Hold AGM, Propose 1-for-250 Reverse Stock Split
AI Summary
Farmmi, Inc. announced its Annual General Meeting (AGM) to be held on May 28, 2026, where shareholders will vote on several key proposals. These include the re-election of five current directors, the ratification of YCM CPA Inc. as the independent auditor for the fiscal year ending September 30, 2026, and an increase in the Board of Directors from five to seven members. Most notably, shareholders will consider authorizing one or more share consolidations (reverse stock splits) at a ratio between 1-for-5 and 1-for-250 to potentially comply with Nasdaq rules.
Key Highlights
- Annual General Meeting scheduled for May 28, 2026, at 10:00 A.M. Beijing Time.
- Shareholders to vote on re-election of five directors: Yefang Zhang, Chenyang Wang, Hongdao Qian, Hui Ruan, and Qinyi Fu.
- Proposal to ratify YCM CPA Inc. as independent registered accounting firm for fiscal year ending September 30, 2026.
- Proposal to increase the Board of Directors from five to seven members.
- Authorization for one or more share consolidations (reverse stock splits) at a ratio of 1-for-5 to 1-for-250.
- Record date for shareholders entitled to vote is April 20, 2026.
- As of record date, 13,864,730 Class A Ordinary Shares and 1,791 Class B Ordinary Shares were outstanding.