other
confidence high
sentiment neutral
materiality 0.40
Addentax shareholders approve reverse stock split authorization, elect directors
ADDENTAX GROUP CORP.
- All five director nominees elected with >98% of votes cast; Hong Zhida, Hong Zhiwang, Yu Jiaxin, Alex P. Hamilton, Xiao Jiangping.
- 2024 Equity Incentive Plan approved (1,430,756 for, 98.42% of votes cast).
- Reverse Stock Split of 1:2 to 1:100 authorized (1,853,245 for, 93.17%); exact ratio set by Board.
- Ratification of Pan-China Singapore PAC as auditor for FY2024 (1,926,173 for, 95.67% of votes cast).
- Voter turnout: ~24% on director items; ~31% on reverse split (excluding broker non-votes).