AGM/EGMJul 10, 2026, 08:32 AM
Smart Logistics Global Shareholders Approve Dual-Class Structure, Share Consolidation
AI Summary
Smart Logistics Global Limited announced the results of its Annual General Meeting held on July 10, 2026. Shareholders approved all six proposals, including the re-election of five directors and the ratification of Privatco CPA Limited as the independent auditor. Key corporate actions approved include the re-designation of shares into a dual-class structure (Class A with 1 vote, Class B with 50 votes) and a share consolidation at a ratio between 1-for-5 and 1-for-100. The company's Class A Ordinary Shares began trading under the existing symbol "SLGB" on July 10, 2026.
Key Highlights
- Shareholders re-elected five directors with over 99.9% of votes for each.
- Appointment of Privatco CPA Limited as independent auditor for 2026 was ratified with 99.93% approval.
- Approved re-designation of shares into Class A (1 vote) and Class B (50 votes) ordinary shares with 99.87% approval.
- Approved new amended and restated memorandum and articles of association for dual-class structure with 99.87% approval.
- Approved share consolidation at a ratio of 1-for-5 to 1-for-100, with 99.88% approval.
- Approved adjournment of AGM if needed for further proxy solicitation with 99.88% approval.
- 93.5% of outstanding ordinary shares were voted at the meeting.
Price Impact
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