AGM/EGMMay 28, 2026, 05:02 PM
Texxon Shareholders Approve Share Split, Consolidation at AGM
AI Summary
Texxon Holding Limited announced the results of its Annual General Meeting (AGM) held on May 22, 2026. Shareholders approved all seven proposals, including the re-election of five directors, the adoption of the 2026 Equity Incentive Plan, and the ratification of the company's auditor. Significantly, shareholders also approved both a potential share split and a potential share consolidation, with the final ratios and implementation at the discretion of the Board of Directors.
Key Highlights
- Shareholders re-elected Hui Xu, Bo Ren, Lei Qin, Kang Zhou, and Wei Li as directors.
- The Texxon Holding Limited 2026 Equity Incentive Plan was approved.
- ZH CPA, LLC was ratified as the company's auditor for fiscal year ending June 30, 2026.
- A share split at a ratio of 1-to-1 to 1-to-5 was approved, with the Board to determine the final ratio.
- An amendment to the articles of association related to the share split was approved.
- A share consolidation at a ratio of 1-to-1 to 20-to-1 was approved, with the Board to determine the final ratio.
- An amendment to the articles of association related to the share consolidation was approved.
- 19,879,682 votes were represented at the AGM, constituting a quorum.
Price Impact
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