AGM/EGMMay 5, 2026, 04:24 PM
WF International Shareholders Approve Share Consolidations, Re-elect Directors
AI Summary
WF International Limited held its Annual General Meeting (AGM) on April 30, 2026, where shareholders approved several key proposals. These included the re-election of five directors, a significant three-stage share consolidation, and the adoption of the 2026 Equity Incentive Plan. Additionally, shareholders ratified the appointment of ZH CPA, LLC as the company's auditor for the current fiscal year. The AGM achieved a quorum with 6,678,447 votes represented.
Key Highlights
- Shareholders re-elected Ni Jiang, Ke Chen, Siqi Chen, Xiaoyuan Zhang, and Trent D. Davis as directors.
- Approved a three-stage share consolidation, effectively a 250-for-1 reverse stock split.
- The share consolidations will result in a new par value of US$0.00025 for ordinary and preference shares.
- Authorized share capital will be US$50,000, divided into 200,000,000 shares.
- Approved the adoption of the WF International Limited 2026 Equity Incentive Plan.
- Ratified the appointment of ZH CPA, LLC as the company's auditor for the fiscal year ending September 30, 2026.
- The AGM had a quorum with 6,678,447 votes represented, exceeding one-third of total voting power.