Summary by Moomoo AI
At the Extraordinary General Meeting of Heng Yu Group Holdings Limited held on 3 May 2024, all three resolutions were approved by all the shareholders present. These resolutions include increased statutory capital, share consolidation and approval of share offerings, distribution agreements and transactions under them. The shareholders who attended the meeting held approximately 10.63% of the issued shares and no shareholder voted or expressed opposition. All prerequisites for the share consolidation have been met on that date and will take effect on May 7, 2024. Shareholders may redeem existing shares free of charge for new shares after the merger between 7 May and 14 June 2024. The Executive Directors, Mr. Xie Zhenyu and Ms. Lee Rui-Chuan, are required to abstain from voting on the third resolution due to their shareholding. The audit work is carried out by Bodrum Securities Registry Limited.