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Chanson International Holding's 2024 EGM & AGM Report: Key Resolutions & Insights

$CHSN
Form 6-K
Filed on: 2024-12-27
Source
Chanson International Holding's 2024 EGM & AGM Report: Key Resolutions & Insights

Key Information Extracted from the Financial Report

Company Information

  • Company Name: Chanson International Holding
  • Address: B9 Xinjiang Chuangbo Zhigu Industrial Park, No. 100 Guangyuan Road, Shuimogou District, Urumqi, Xinjiang, China 830017
  • Commission File Number: 001-41663

Meeting Details

  • Type of Meeting:
  • Extraordinary General Meeting (EGM) on December 26, 2024, at 9:30 a.m. Eastern Time
  • Annual General Meeting (AGM) on December 26, 2024, at 10:00 a.m. Eastern Time
  • Virtual Participation: Available via live audio webcast at www.virtualshareholdermeeting.com/CHSN2024
  • Record Date for Voting: November 11, 2024

Shareholder Details

  • Class A Ordinary Shares:
  • Total Issued and Outstanding: 21,629,707
  • Voting Rights: Each share entitled to one vote
  • Class B Ordinary Shares:
  • Total Issued and Outstanding: 5,670,000
  • Voting Rights: Each share entitled to 10 votes

Quorum Details

  • EGM: Approximately 41.87% of Class A shares represented, constituting a quorum.
  • AGM: Approximately 47.89% of total shares represented, constituting a quorum.

Resolutions Passed

  1. EGM Resolution:
  • Class B Variation: Increase in voting rights for Class B shares from 10 votes to 50 votes per share.
  • Voting Results:
    • For: 9,054,749
    • Against: 1,502
    • Abstain: 218
  1. AGM Resolutions:
  • Directors Re-elected: All current directors (Gang Li, Yong Du, Jie Li, Shuaiheng Zhang, Jin Wang) were re-elected with substantial support.
  • Auditor Appointment: Assentsure PAC reappointed as the independent registered public accounting firm for the fiscal year ended December 31, 2024.
    • Voting Results: For 64,104,393; Against 1,282; Abstain 1.
  • Amended Articles Adoption: Adoption of amended articles which reflect the Class B Variation.
    • Voting Results: For 64,104,035; Against 1,449; Abstain 192.

Signatory

  • Date of Report: December 27, 2024
  • Signed by: Gang Li, Chief Executive Officer, Director, and Chairman of the Board of Directors.

Insights

  • Chanson International is actively engaging its shareholders by allowing virtual participation in meetings, indicating a commitment to transparency and accessibility.
  • The significant majority in favor of resolutions suggests strong support from shareholders for the company's governance and operational strategies.
  • The increase in voting power for Class B shareholders may impact future decision-making dynamics within the company, reflecting a strategic shift in governance.