Shareholders approve reverse stock split (up to 1:30) and increase authorized shares to 750M at annual meeting

Innovative Payment Solutions, Inc.

Reverse stock split approved (195.9M for, 57.9M against); board may set ratio between 1:2 and 1:30.
Authorized common shares increased from 500M to 750M (183.7M for, 68.3M against).
2021 Stock Incentive Plan approved with 152.5M shares voted for (excluding broker non-votes).
Preferred stock amendment to let board set rights failed (151.3M for vs 40.7M against).
All six director nominees elected; RBSM LLP ratified as independent auditor for FY2021.

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