The9 Limited announced that the proposed resolutions submitted for shareholder approval were duly adopted at its Annual General Meeting held in Hong Kong on December 27, 2024.
A key resolution approved was the creation of an additional 45,000,000,000 shares of a par value of US$0.01 each. This increase in authorized share capital provides the company with greater flexibility for future financial and strategic initiatives.
The newly authorized shares consist of 38,700,000,000 Class A Ordinary Shares, 5,400,000,000 Class B Ordinary Shares, and 900,000,000 shares of other classes, as determined by the Board in accordance with the Amended Memorandum and Articles of Association.
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