Northann stockholders approve reverse split, 120M share issuances, and director slate at annual meeting

Northann Corp.

All six proposals approved with >99% of votes cast in favor.
Authorization for reverse stock split at ratio from 1:3 to 1:20 at Board's discretion.
Approved issuance of 40M shares to Oneflow LLC and 80M shares to X29 LLC under Dec 6 purchase agreements.
Amendment to 2023 Equity Incentive Plan adding 8M shares authorized.
Directors Lin Li, Kurtis W. Winn, Bradley C. Lalonde, Umesh Patel, Jing Zhang elected; WWC, P.C. ratified as auditor.

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