AGM/EGMJun 24, 2026, 04:17 PM
Haoxi Health to Hold EGM for Share Capital Reduction
AI Summary
Haoxi Health Technology Ltd will hold an Extraordinary General Meeting of Shareholders on July 6, 2026, to consider and vote on a significant share capital reduction. The proposal involves reorganizing the authorized share capital from US$35.2 trillion to US$11 million and reducing the par value of Class A and B Ordinary Shares from US$0.32 to US$0.0000001. Additionally, shareholders will vote on adopting a Ninth Amended Memorandum and Articles of Association to reflect these changes. The Board of Directors unanimously recommends approval of all proposals.
Key Highlights
- Extraordinary General Meeting (EGM) scheduled for July 6, 2026, at 9:30 a.m. Eastern Time.
- Shareholders to vote on a special resolution for a Share Capital Reduction.
- Authorized share capital to be reduced from US$35.2 trillion to US$11 million.
- Par value of Class A and B Ordinary Shares to decrease from US$0.32 to US$0.0000001.
- Credit from the capital reduction will be transferred to a distributable reserve account.
- Shareholders will also vote on adopting a Ninth Amended M&AA to reflect the reduction.
- The Board unanimously recommends voting "FOR" all proposed resolutions.
- Record date for shareholders entitled to vote at the EGM is June 24, 2026.
Price Impact
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