Trump to visit Fed on Thursday amid Powell feud, renovation probe
Decent Holding Inc. (the "Company"), operating in the sanitary services sector, conducted an extraordinary general meeting of shareholders on Sunday, May 9, 2025, where significant changes to the company’s share structure were approved. According to the 6-K filing with the Securities and Exchange Commission, the meeting saw a quorum with approximately 92.71% of the outstanding shares represented.
The key resolutions passed include the reclassification of all 16,250,000 ordinary shares into Class A ordinary shares, each with one vote per share, and the redesignation of 5,000,000 ordinary shares into Class B ordinary shares, each with twenty votes per share. This reclassification and redesignation affect the authorized but unissued shares as well, aligning them with the new class structure.
Additionally, the shareholders approved a special resolution to adopt the Second Amended and Restated Memorandum and Articles of Association, reflecting the changes in authorized share capital and detailing the rights and privileges of the new Class A and Class B ordinary shares.
The meeting also saw the approval of a repurchase and issuance plan for shares of a specific shareholder, resulting in a change in their shareholding composition. Decent Limited, a major shareholder, will now hold 8,026,000 Class A ordinary shares and 5,000,000 Class B ordinary shares post-restructuring.
The Amended and Restated Memorandum and Articles of Association are included as Exhibit 3.1 to the Form 6-K filing, which details the corporate governance and share structure changes.
This restructuring could indicate a strategic move by Decent Holding Inc. to refine its governance and voting structure, possibly in preparation for future business decisions or investments. The information is based on a press release statement and provides a factual overview of the shareholder meeting outcomes without speculating on the reasons behind the restructuring or its potential impact on the company’s future.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.