AGM/EGMMay 8, 2026, 06:14 AM
J-Star Holding to Hold AGM, Proposes 1-for-5 Share Consolidation
AI Summary
J-Star Holding Co., Ltd. announced its Annual General Meeting (AGM) to be held on June 8, 2026, where shareholders will vote on several key proposals. These include the re-election of five directors and the appointment of WWC, P.C. as auditors. A significant proposal is a 1-for-5 share consolidation, intended to help the company regain compliance with Nasdaq's minimum bid price requirement. Additionally, the company proposes to increase its authorized share capital from $65 million to $300 million and adopt a Sixth Amended and Restated Memorandum and Articles of Association.
Key Highlights
- Annual General Meeting (AGM) scheduled for June 8, 2026, at 9:30 p.m. local time.
- Proposal to appoint WWC, P.C. as auditors for the fiscal year ending December 31, 2026.
- Re-election of five directors: Jing-Bin Chiang, Ting-Pang Sung, Ching-Chou Huang, Shen-Huei Wang, and Ping-Hong Lin.
- Proposal for a 1-for-5 share consolidation of Class A and Class B Ordinary Shares.
- Share consolidation aims to increase per-share price to regain Nasdaq minimum bid price compliance ($1.00).
- Proposal to increase authorized share capital from $65,000,000 to $300,000,000 after consolidation.
- Proposal to adopt the Sixth Amended and Restated Memorandum and Articles of Association.
- The Board of Directors unanimously recommends voting "FOR" all proposals.