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Ostin Technology Group Co., Ltd., an electronics components manufacturer, announced the results of its extraordinary general meeting of shareholders held on April 30, 2025. The meeting, which took place in Nanjing, Jiangsu Province, China, concluded with shareholders approving all two proposals on the agenda with a significant majority.
The first proposal, which passed with 99.94% of votes in favor, was the increase of the company’s authorized share capital to $10,000,000. This increase is divided into 9,982,000,000 Class A ordinary shares, 16,000,000 Class B ordinary shares, and 2,000,000 preference shares, all with a par value of US$0.001 each.
The second proposal, subject to the passing of the first and approved with the same majority, involved adopting the fourth amended and restated memorandum and articles of association of the company. This document will replace the existing amended and restated memorandum and articles of association in its entirety with immediate effect.
The extraordinary general meeting saw a turnout of 31,430,042 votes, representing 95.99% of the votes exercisable as of the record date, March 28, 2025. This included votes from both Class A and Class B ordinary shares.
The report of the meeting will be incorporated by reference into the registration statement of the company on Form F-3 (File No. 333-279177) and will be a part of it from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.
This announcement is based on a press release statement filed with the Securities and Exchange Commission on May 2, 2025.
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