Corporate GovernanceJun 24, 2026, 11:21 AM
Gamehaus to Vote on Increasing Class B Voting Rights to 50x
AI Summary
Gamehaus Holdings Inc. will hold two Extraordinary General Meetings on July 10, 2026, to consider a significant change in its voting structure. The primary proposal is to increase the voting rights of Class B ordinary shares from 15 votes to 50 votes per share. If approved, this change will substantially increase Chairman Feng Xie's aggregate voting power from 76.7% to 91.3%, effectively consolidating control. A second EGM will then approve the necessary amendments to the company's Memorandum and Articles of Association to reflect this variation.
Key Highlights
- Extraordinary General Meetings (EGMs) scheduled for July 10, 2026.
- Proposal to increase Class B ordinary share voting rights from 15 to 50 votes per share.
- Chairman Feng Xie's voting power to increase from 76.7% to 91.3% if approved.
- Class A shareholders to vote on the variation, requiring a simple majority.
- Sole Class B shareholder (Funtery Holding Limited) has already consented in writing.
- Second EGM to approve updated Memorandum and Articles of Association.
- Record date for voting is June 12, 2026.
Price Impact