Chanson International Holding announced on December 27, 2024, the results of its Extraordinary General Meeting (EGM) held on December 26, 2024. Holders of Class A ordinary shares approved a special resolution to increase the voting power of Class B ordinary shares.
The approved 'Class B Variation' means that each holder of Class B ordinary shares is now entitled to cast 50 votes for each Class B ordinary share held, an increase from the previous 10 votes per share. This change significantly alters the voting structure and the relative influence of Class A shareholders.
At the EGM, shareholders representing approximately 41.87% of the outstanding Class A ordinary shares constituted a quorum. Additionally, at the subsequent 2024 Annual General Meeting (AGM), shareholders re-elected the company's directors and approved the re-appointment of Assentsure PAC as the independent registered public accounting firm for fiscal year 2024.
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