Meiwu Technology Co Ltd

Meiwu Technology Company Limited held an extraordinary meeting of shareholders (EGM) on September 14, 2026, where shareholders approved significant corporate actions. The approved resolutions included the re-designation and re-classification of the company's authorized share capital into Class A and Class B ordinary shares. Additionally, the shareholders approved the repurchase of 135,073 Class A ordinary shares from specific parties and the subsequent issuance of corresponding Class B ordinary shares. An amended and restated memorandum and articles of association were also adopted to align with these changes, including specific voting rights for Class B shares.

Meiwu Technology Co Ltd announced an Extraordinary General Meeting (EGM) to be held on September 14, 2026, to approve significant changes to its share capital structure and corporate governance. The proposals include re-designating ordinary shares into Class A and Class B shares, with Class B shares carrying 150 votes each. The company also plans to repurchase Class A shares from its Chairman, Mr. Changbin Xia, and Union International Company Limited, and issue them corresponding Class B shares, which will significantly increase Mr. Xia's voting power. Additionally, an amended Memorandum and Articles of Association will be adopted to reflect these changes and reduce the quorum for shareholder meetings.

Meiwu Technology Company Limited announced the closing of the disposition of its wholly-owned subsidiary, Mahaotiaodong Information Technology Company (Mahao BVI). The company sold 100% of Mahao BVI's shares to an unrelated third party, Mr. Li Dong, for a consideration of US$100. The transaction was completed on July 9, 2026, following the satisfaction of all closing conditions.

Meiwu Technology Co Ltd announced the divestment of its wholly-owned subsidiary, Target Company, for a consideration of US$100. Target Company, through its subsidiaries like Code Beating, previously provided short message services in China but ceased operations in January 2025. The board believes this disposition is in the best interest of the company and its shareholders, as the subsidiary had significant liabilities and losses, and was not expected to generate future value.

Meiwu Technology Company Limited completed a private placement, raising approximately $15.65 million in gross proceeds. The company issued 25,000,000 ordinary shares at a purchase price of $0.626 per share to certain purchasers. The funds are primarily intended to support the development of a new skincare management platform utilizing AI and data-analysis technologies, as well as for general corporate purposes and working capital. Both the company and purchasers agreed to 12-month lock-up periods on share transactions.