other material
confidence high
sentiment neutral
materiality 0.70
Tianci International shareholders approve reverse split, share increase, and preferred sale at annual meeting
Tianci International, Inc.
- Elected seven directors including Shufang Gao, Wei Fang, Ying Deng, Yee Man Yung, Fan Liu, Juan Chang, Guilin Zhang with 17,521,550 votes for each nominee.
- Approved amendment to increase authorized common shares from 24.5 million to 2,000,000,000 with 18,357,818 votes for.
- Authorized reverse stock split at ratio ranging from 1-for-2 to 1-for-100, with exact ratio determined by board; 18,362,815 votes for.
- Approved sale of 30,000 shares of Series C Preferred to RQS Capital for $30,000, each exchangeable for 100 common shares; 3,335,680 votes for.