CDT Environmental Technology Announces Results of Extraordinary General Meeting

Rhea-AI Summary

CDT Environmental Technology (Nasdaq: CDTG), a Chinese waste treatment systems provider, announced the results of its Extraordinary General Meeting (EGM) held on September 23, 2025. Shareholders approved significant changes to the company's share capital structure.

The approved changes include: re-designating 18.8M ordinary shares as class A shares, creating a new class B share category with 20 votes per share, and increasing the authorized share capital from $50,000 to $250,000. The final structure will comprise 94M class A shares and 6M class B shares, both with a par value of $0.0025.

The voting saw participation from 5,894,505 shares, representing 47.83% of outstanding shares. Class A shares will continue trading under "CDTG" with the same CUSIP number.

Positive

• Creation of dual-class share structure provides flexibility for future corporate actions
• Significant increase in authorized share capital from $50,000 to $250,000 allows for potential growth

Negative

• Introduction of Class B shares with 20 votes per share could concentrate voting power
• Relatively low shareholder participation of 47.83% in the EGM

Insights

Corporate Governance Expert

CDT Environmental implements dual-class share structure giving Class B shares 20x voting power, potentially consolidating control among insiders.

CDT's shareholders have approved a significant restructuring of the company's share capital that introduces a dual-class share structure. The company's existing ordinary shares will be re-designated as Class A ordinary shares, while a new class of shares—Class B ordinary shares with twenty votes per share—has been created. This voting structure represents a substantial governance shift that typically consolidates control among company insiders.

The restructuring includes several key components: reclassifying 18.8 million existing ordinary shares as Class A shares, creating 1.2 million Class B shares with superior voting rights, and increasing the authorized share capital from $50,000 to $250,000 by authorizing an additional 75.2 million Class A shares and 4.8 million Class B shares.

With only 47.83% of outstanding shares represented at the meeting, this restructuring passed with relatively low shareholder participation. This dual-class structure, common among tech companies seeking to maintain founder control, creates a significant wedge between economic ownership and voting power. While Class A shares will continue trading under the same symbol and CUSIP number, the introduction of super-voting Class B shares fundamentally alters the company's governance landscape, potentially insulating management from shareholder pressure and takeover attempts.

SHENZHEN, China, Sept. 26, 2025 (GLOBE NEWSWIRE) -- CDT Environmental Technology Investment Holdings Limited (Nasdaq: CDTG) (“CDT”, the “Company”, or “we”), a leading provider of waste treatment systems and services throughout China, today announced the results of an extraordinary general meeting (the “EGM”) held at Meeting Room 2, 6th Floor, Nanshan Shuixing Huayuan Premium Selection Hotel, No. 13 Keji Road, Science and Technology Park, Nanshan District, Shenzhen, China on September 23, 2025 at 9:30 AM., Beijing Time.

At the EGM, shareholders of the Company passed the following resolutions:

(i)	that the Company amend its authorised share capital with immediate effect in the manner and order set out below (collectively, the “Share Capital Changes”):
	(a)	18,800,000 of the authorised ordinary shares of par value US$0.0025 each (including all of the existing issued ordinary shares) in the Company will be re-designated and reclassified as 18,800,000 class A ordinary shares of par value US$0.0025 each, where the rights of the existing ordinary shares shall be the same as such class A ordinary shares;
	(b)	1,200,000 authorised but unissued ordinary shares of par value of US$0.0025 each in the Company will be cancelled and a new class of shares comprising of 1,200,000 class B ordinary shares of par value US$0.0025, which will be entitled to twenty (20) votes per share, with the rights and privileges as set out in the Amended MAA (as defined below) will be created; and
	(c)	the authorised share capital of the Company be increased from US$50,000 to US$250,000 by the creation of 75,200,000 class A ordinary shares of par value US$0.0025 each and 4,800,000 class B ordinary shares of par value US$0.0025 each,
	such that the authorised share capital of the Company shall become US$250,000 divided into (a) 94,000,000 class A ordinary shares of par value US$0.0025 each and (b) 6,000,000 class B ordinary shares of par value US$0.0025 each.
(ii)	that it is resolved as a special resolution that, the proposed second amended and restated memorandum and articles of association of the Company, the form of which is attached to the notice of EGM as Appendix 1 (the “Amended MAA”), be adopted in its entirety and in substitution for and to the exclusion of the existing memorandum and articles of association of the Company with effect immediately after Share Capital Changes taking effect.

Campbell Corporate Services, the independent inspector of election, has certified all voting results for the EGM. The final tabulation indicates that 5,894,505 shares were voted, representing approximately 47.83% of CDT’s outstanding shares as of the record date.

The Share Capital Changes became effective automatically following the EGM, and the Amended MAA, a copy of which is included in exhibit 3.1 to the Form 6-K dated ​September 26, 2025, will be filed with Cayman Island authorities on or around October 1, 2025. No actions are needed from shareholders. The class A ordinary shares will continue trading under the symbol “CDTG” and under the ordinary CUSIP Number of G2030P107.

About CDT Environmental Technology Investment Holdings Limited

CDT, headquartered in Shenzhen, China, is a leading national player in China’s waste treatment sector that designs, develops, manufactures, sells, installs, operates and maintains sewage treatment systems and provides sewage treatment services in China, and is dedicated to promoting sustainable development through innovative solutions. Founded by pioneers in waste treatment, CDT aims to advance next-generation technologies that directly address environmental challenges and promote sustainable solutions. CDT is a recognized brand in China and is committed to innovation and customer satisfaction.

CDT’s mission is to help its customers achieve their critical infrastructure objectives while enabling positive changes in technological environmental protection. It collaborates with industry leaders, environmental experts, and stakeholders to develop and implement advanced waste treatment solutions. Recently listed on the Nasdaq Capital Market, CDT is a prominent player in the waste treatment market, capable of providing comprehensive solutions to diverse customer needs, and has completed more than 150 plants across China.

For more information, please visit CDT’s website at https://www.cdthb.cn.

Forward-looking Statements

This press release contains forward-looking statements that are based on the beliefs and assumptions of the management of CDT and on information currently available to such management. These forward-looking statements are subject to numerous risks and uncertainties, many of which are beyond CDT’s control. When the Company uses words such as “may,” “should,” “will,” “future,” “expect,” “anticipate,” “project,” “estimate,” “believe,” and “intend,” or similar expressions that do not relate solely to historical matters, it is intended to identify forward-looking statements. All statements, other than statements of historical fact, contained in this press release, including statements regarding future events, future financial performance, business strategy and plans, and objectives of CDT for future operations, are forward-looking statements. Although CDT does not make forward-looking statements unless it believes it has a reasonable basis for doing so, CDT cannot guarantee their accuracy. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause the actual results, levels of activity, performance or achievements of CDT and its markets to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. For these reasons, among others, investors should not place undue reliance on any forward-looking statement. CDT undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that arise after the date hereof, whether as a result of new information, future events or otherwise, except as may be required by applicable law.

For more information, please contact:
Investor and Media Contact
United States

PCG Advisory
Kevin McGrath
Tel: +1-646-418-7002
Email: kevin@pcgadvisory.com

FAQ

What changes did CDTG shareholders approve at the September 2025 EGM?

Shareholders approved the creation of a dual-class share structure, with 18.8M shares becoming Class A shares and the creation of Class B shares with 20 votes per share. They also approved increasing authorized share capital to $250,000.

How will CDTG's new share structure affect existing shareholders?

Existing ordinary shares will be re-designated as Class A shares with the same rights as before. No immediate action is required from shareholders, and shares will continue trading under the symbol 'CDTG' with the same CUSIP number.

What is the voting power difference between CDTG's Class A and Class B shares?

Class B shares will have 20 votes per share, while Class A shares maintain standard voting rights of one vote per share.

What is CDTG's new authorized share capital structure?

The new structure includes 94 million Class A shares and 6 million Class B shares, both with a par value of $0.0025, for a total authorized capital of $250,000.

When will CDTG's new share structure take effect?

The Share Capital Changes became effective immediately following the EGM on September 23, 2025. The Amended MAA will be filed with Cayman Island authorities around October 1, 2025.