Orangekloud Tech's EGM Results: Major Governance Changes & Equity Plan Approved

Based on your request, here are the key points extracted from the section of the financial report provided:

Key Information from Form 6-K

1. Company Information:

• Name: Orangekloud Technology Inc.
• Incorporation: Exempted company incorporated under the laws of the Cayman Islands.
• Principal Executive Office Address:
• • 1 Yishun Industrial Street 1
  • #04-27/28&34 Aposh Building Bizhub
  • Singapore, 768160
• Contact Number: +65 6317 2050

2. Filing Details:

• Form Type: 6-K
• Commission File Number: 001-42189
• Date of Report: January 6, 2025
• Reporting Period: For the month of January 2025.
  

3. Extraordinary General Meeting (EGM) Results:

• Date of Meeting: January 6, 2025
• Total Votes Present: 149,836,811 votes (94.77% of the exercisable votes as of December 11, 2024).
  

4. Proposals Adopted:

• Proposal No. 1: Amendment of the memorandum and articles of association.
• • Resolution: Approved (Replaced the existing memorandum and articles of association).
• Proposal No. 2: Adoption of the 2025 Equity Incentive Plan.
• • Resolution: Approved (Adoption of the plan and performance obligations were ratified).
• Proposal No. 3: Ancillary documents and actions, and ratification.
• • Resolution: Approved (Authorization for directors to execute necessary documents).

5. Voting Results for Proposals:

• Proposal No. 1:
• • Votes For: 149,797,283
  • Votes Against: 39,366
  • Votes Abstained: 162
• Proposal No. 2:
• • Votes For: 149,797,576
  • Votes Against: 37,221
  • Votes Abstained: 2,014
• Proposal No. 3:
• • Votes For: 149,799,587
  • Votes Against: 37,210
  • Votes Abstained: 14

6. Signatures:

• Authorized Signatory: Goh Kian Hwa, Chief Executive Officer
• Date of Signing: January 7, 2025

Insights:

• Shareholder Engagement: The high percentage of votes cast (94.77%) indicates strong engagement from shareholders in the decision-making process.
• Management Actions: The approval of the new equity incentive plan suggests a focus on aligning management incentives with shareholder interests, which could be beneficial for future performance.
• Governance Changes: The amendments to the memorandum and articles of association may reflect an intention to update governance practices within the company, potentially to adapt to new regulatory requirements or business strategies.

This summary encapsulates the essential elements of the report, highlighting the company's governance actions and shareholder participation.