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China Liberal Education Holdings Limited: Extraordinary Meeting Results & Share Consolidation Report

$CLEU
Form 6-K
Filed on: 2025-02-20
Source
China Liberal Education Holdings Limited: Extraordinary Meeting Results & Share Consolidation Report

Here are the key insights extracted from the provided section of the financial report (Form 6-K) for China Liberal Education Holdings Limited:

  1. Company Information:
  • Name: China Liberal Education Holdings Limited
  • Address: 7th Floor, Building 5, No. 2 Zhenxing Road, Changping District, Beijing, People's Republic of China, 102299.
  • Commission File Number: 001-39259.
  • Date of Report: February 20, 2025.
  1. Extraordinary General Meeting Results:
  • The meeting was held on February 20, 2025, at 10:30 AM China Standard Time.
  • A total of 107,496,235 votes were present, representing 39.91% of the total 269,325,176 votes exercisable as of February 7, 2025.
  1. Proposals Approved:
  • Proposal 1: Share Consolidation:
    • Every 80 ordinary shares of a par value of US$0.225 each will be consolidated into 1 ordinary share of a par value of US$18.0.
    • Votes for: 97,995,108 (approx. 91.43% of voted shares).
    • Votes against: 9,173,718.
    • Votes abstained: 327,409.
  • Proposal 2: Amendment of Memorandum and Articles of Association:
    • This proposal is conditional upon the approval of the Share Consolidation.
    • Votes for: 98,120,167 (approx. 91.71% of voted shares).
    • Votes against: 8,867,551.
    • Votes abstained: 508,517.
  1. Voting Insights:
  • A significant majority of shareholders voted in favor of both proposals, indicating strong support for the strategic restructuring (share consolidation and amendment of governing documents).
  • The high percentage of votes cast (39.91%) is noteworthy, showing active shareholder engagement.
  1. Next Steps:
  • The Share Consolidation is set to be effective on a date prior to April 30, 2025, as determined by the Board of Directors. If no date is set, the share capital will remain unchanged.
  1. Management Representation:
  • The report was signed by Ngai Ngai Lam, Co-Chief Executive Officer and Chairperson of the Board of Directors, confirming the authenticity of the report.

This summary encapsulates the essential details regarding the extraordinary general meeting and the resolutions approved by China Liberal Education Holdings Limited.