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Haoxi Health Technology Limited: Key Insights from 2025 AGM Financial Report

$HAO
Form 6-K
Filed on: 2025-01-14
Source
Haoxi Health Technology Limited: Key Insights from 2025 AGM Financial Report

Here are the key insights and information extracted from the financial report of Haoxi Health Technology Limited (Form 6-K):

Company Information:

  • Name: Haoxi Health Technology Limited
  • Address: Room 801, Tower C, Floor 8, Building 103, Huizhongli, Chaoyang District, Beijing, China
  • Commission File Number: 001-41933
  • Report Date: January 14, 2025
  • Annual General Meeting (AGM) Date: January 10, 2025

Voting and Shareholder Information:

  • Participants: Shareholders of Class A and Class B ordinary shares voted at the AGM.
  • Voting Details:
  • Class A Shares: 13,471,026 shares voted out of 53,289,874 issued.
  • Class B Shares: 17,270,000 shares voted out of 17,270,000 issued.
  • A quorum was present for the meeting.

Key Resolutions Approved:

  1. Share Consolidation:
  • An ordinary resolution was passed to consolidate the authorized share capital from 150,000,000 Class A shares and 50,000,000 Class B shares (at a par value of $0.0001) to:
    • 6,000,000 Class A shares ($0.0025 each)
    • 2,000,000 Class B shares ($0.0025 each)
  • Voting Results:
    • For: 185,427,942
    • Against: 725,731
    • Abstain: 17,353
  1. Increase of Authorized Shares:
  • Following the consolidation, the authorized share capital will increase to $1,000,000, divided into:
    • 300,000,000 Class A shares ($0.0025 each)
    • 100,000,000 Class B shares ($0.0025 each)
  • Voting Results:
    • For: 185,418,781
    • Against: 738,448
    • Abstain: 13,797
  1. Adoption of New Memorandum and Articles of Association:
  • A new memorandum and articles of association reflecting the share capital reorganization were approved.
  • Voting Results:
    • For: 185,505,862
    • Against: 593,073
    • Abstain: 72,091
  1. Re-election of Directors:
  • Five directors were re-elected to hold office until the next AGM.
  • Detailed voting results for individual directors indicate strong support for their re-election.
  1. Auditor Ratification:
  • The appointment of Wei, Wei & Co., LLP as independent auditors for the year ending June 30, 2024, was ratified.
  • Voting Results:
    • For: 185,969,084
    • Against: 174,198
    • Abstain: 27,744
  1. Auditor Appointment for 2025:
  • The appointment of Wei, Wei & Co., LLP as independent auditors for the year ending June 30, 2025, was approved.
  • Voting Results:
    • For: 185,977,943
    • Against: 178,539
    • Abstain: 14,544
  1. Authorization to Adjourn the Meeting:
  • This resolution was passed to allow adjournment if necessary to solicit additional proxies.
  • Voting Results:
    • For: 185,946,029
    • Against: 196,602
    • Abstain: 28,395

Conclusion

The AGM resulted in significant restructuring of the company's share capital, increasing the authorized share count and consolidating existing shares. The resolutions passed indicate strong shareholder support for the management's proposals, including the approval of directors and auditors.