Olenox shareholders approve 40x increase in authorized shares, reverse split; reject merger

OLENOX INDUSTRIES INC.

• Authorized common stock increased from 75M to 3B shares (40x), enabling massive potential dilution.
• Reverse stock split authorized at ratio of 1-for-10 to 1-for-20, with board to select exact ratio.
• Shareholders rejected merger with New Asia Holdings and conversion of Series A Preferred Stock.
• Approved issuances of >20% of outstanding common stock to Generating Alpha Ltd. and JAK Industrial Ventures I LLC.
• All seven director nominees elected; RBSM LLP ratified as auditor; say-on-pay and stock plan increase approved.