Decent Holding Inc. to Hold Extraordinary General Meeting on May 9, 2025
Decent Holding Inc. (Nasdaq: DXST), a Chinese wastewater treatment services provider, has announced an Extraordinary General Meeting (EGM) scheduled for May 9, 2025, at their Yantai headquarters. The meeting will address significant changes to the company's share structure.
The key proposals include:
- Reclassifying the current 16,250,000 outstanding ordinary shares, including converting 8,026,000 shares held by Decent into Class A ordinary shares (1 vote per share)
- Redesignating 5,000,000 shares held by Decent into Class B ordinary shares (20 votes per share)
- Converting 483,750,000 remaining authorized but unissued shares into Class A ordinary shares
The total authorized share capital will remain at US$50,000, divided into 495,000,000 Class A Ordinary Shares and 5,000,000 Class B Ordinary Shares, each with a par value of US$0.0001.
Decent Holding Inc. (Nasdaq: DXST), una società cinese specializzata nei servizi di trattamento delle acque reflue, ha annunciato un'Assemblea Straordinaria degli Azionisti (EGM) prevista per il 9 maggio 2025 presso la sede di Yantai. L'incontro affronterà modifiche significative alla struttura azionaria della società.
Le proposte principali includono:
- Riclassificazione delle attuali 16.250.000 azioni ordinarie in circolazione, compresa la conversione di 8.026.000 azioni detenute da Decent in azioni ordinarie di Classe A (1 voto per azione)
- Ridenominazione di 5.000.000 azioni detenute da Decent in azioni ordinarie di Classe B (20 voti per azione)
- Conversione di 483.750.000 azioni autorizzate ma non emesse in azioni ordinarie di Classe A
Il capitale sociale autorizzato totale rimarrà di 50.000 USD, suddiviso in 495.000.000 azioni ordinarie di Classe A e 5.000.000 azioni ordinarie di Classe B, ciascuna con un valore nominale di 0,0001 USD.
Decent Holding Inc. (Nasdaq: DXST), un proveedor chino de servicios de tratamiento de aguas residuales, ha anunciado una Junta General Extraordinaria (EGM) programada para el 9 de mayo de 2025 en su sede de Yantai. La reunión abordará cambios significativos en la estructura accionaria de la empresa.
Las propuestas clave incluyen:
- Reclasificación de las 16,250,000 acciones ordinarias en circulación, incluyendo la conversión de 8,026,000 acciones en poder de Decent a acciones ordinarias Clase A (1 voto por acción)
- Redesignación de 5,000,000 acciones en poder de Decent a acciones ordinarias Clase B (20 votos por acción)
- Conversión de 483,750,000 acciones autorizadas pero no emitidas en acciones ordinarias Clase A
El capital social autorizado total se mantendrá en 50,000 USD, dividido en 495,000,000 acciones ordinarias Clase A y 5,000,000 acciones ordinarias Clase B, cada una con un valor nominal de 0.0001 USD.
Decent Holding Inc. (나스닥: DXST)는 중국의 폐수 처리 서비스 제공업체로, 2025년 5월 9일 옌타이 본사에서 임시 주주총회(EGM)를 개최할 예정임을 발표했습니다. 이번 회의에서는 회사의 주식 구조에 중대한 변동 사항을 다룰 예정입니다.
주요 제안 내용은 다음과 같습니다:
- 현재 발행 중인 16,250,000 보통주 중 8,026,000주를 Decent가 보유한 Class A 보통주(주당 1표)로 전환하는 등 재분류
- Decent가 보유한 5,000,000주를 Class B 보통주(주당 20표)로 재지정
- 남아 있는 483,750,000주의 미발행 승인 주식을 Class A 보통주로 전환
총 승인 자본금은 50,000 미국 달러로 유지되며, 이는 각각 액면가 0.0001 미국 달러인 495,000,000주의 Class A 보통주와 5,000,000주의 Class B 보통주로 나뉩니다.
Decent Holding Inc. (Nasdaq : DXST), un fournisseur chinois de services de traitement des eaux usées, a annoncé une Assemblée Générale Extraordinaire (AGE) prévue le 9 mai 2025 dans son siège de Yantai. La réunion portera sur des modifications importantes de la structure actionnariale de l'entreprise.
Les propositions principales comprennent :
- La reclassification des 16 250 000 actions ordinaires en circulation, incluant la conversion de 8 026 000 actions détenues par Decent en actions ordinaires de Classe A (1 voix par action)
- La redésignation de 5 000 000 actions détenues par Decent en actions ordinaires de Classe B (20 voix par action)
- La conversion de 483 750 000 actions autorisées mais non émises en actions ordinaires de Classe A
Le capital social autorisé total restera à 50 000 USD, divisé en 495 000 000 actions ordinaires de Classe A et 5 000 000 actions ordinaires de Classe B, chacune ayant une valeur nominale de 0,0001 USD.
Decent Holding Inc. (Nasdaq: DXST), ein chinesischer Anbieter von Abwasserbehandlungsdienstleistungen, hat eine außerordentliche Hauptversammlung (EGM) für den 9. Mai 2025 in seinem Hauptsitz in Yantai angekündigt. Die Versammlung wird bedeutende Änderungen an der Aktienstruktur des Unternehmens behandeln.
Die wichtigsten Vorschläge umfassen:
- Die Neuklassifizierung der derzeit 16.250.000 ausstehenden Stammaktien, einschließlich der Umwandlung von 8.026.000 von Decent gehaltenen Aktien in Stammaktien der Klasse A (1 Stimmrecht pro Aktie)
- Die Umwidmung von 5.000.000 von Decent gehaltenen Aktien in Stammaktien der Klasse B (20 Stimmen pro Aktie)
- Die Umwandlung von 483.750.000 verbleibenden genehmigten, aber nicht ausgegebenen Aktien in Stammaktien der Klasse A
Das gesamte genehmigte Grundkapital bleibt bei 50.000 US-Dollar, aufgeteilt in 495.000.000 Stammaktien der Klasse A und 5.000.000 Stammaktien der Klasse B, jeweils mit einem Nennwert von 0,0001 US-Dollar.
- None.
- Creation of dual-class share structure gives disproportionate voting power to Decent , potentially reducing other shareholders' influence
Yantai, China, April 15, 2025 (GLOBE NEWSWIRE) -- Decent Holding Inc. (Nasdaq: DXST) (“Decent” or the “Company”), an established wastewater treatment services provider in China, today announced the Company’s Extraordinary General Meeting of Shareholders (the “EGM”) will be held on May 9, 2025, at 9 A.M., Beijing Time (May 8, 2025, at 9 P.M. Eastern Time), at the principal executive offices of the Company located at 4th Floor & 5th Floor North Zone, Dingxin Building, No. 106 Aokema Avenue, Laishan District, Yantai, Shandong Province, People’s Republic of China 264003.
In connection with the EGM of shareholders, the Company proposes: :
- to change the authorized share capital of US
$50,000 divided into 500,000,000 shares of a par value of US$0.00 01 each ("Ordinary Shares") by:- (i) re-classifying all 16,250,000 Ordinary Shares issued and outstanding including 8,026,000 Ordinary Shares issued and outstanding held by Decent Limited into class A ordinary shares with a par value of US
$0.00 01 each, each having one (1) vote per share and with other rights attached to it in the Second Amended and Restated Memorandum and Articles of Association (the "Class A Ordinary Shares") on a one for one basis; - (ii) re-designating 5,000,000 Ordinary Shares issued and outstanding held by Decent Limited into 5,000,000 class B ordinary shares with a par value of US
$0.00 01 each, each having twenty (20) votes per share and with other rights attached to it in the Second Amended and Restated Memorandum and Articles of Association (the "Class B Ordinary Shares") on a one for one basis; and - (iii) re-designating the 483,750,000 remaining authorized but unissued Ordinary Shares into Class A Ordinary Shares on a one for one basis. (the “Re-designations”)
- (i) re-classifying all 16,250,000 Ordinary Shares issued and outstanding including 8,026,000 Ordinary Shares issued and outstanding held by Decent Limited into class A ordinary shares with a par value of US
- upon the Re-designations, the authorized share capital of the Company is US
$50,000 divided into 500,000,000 shares of a par value of US$0.00 01 each, comprising of (i) 495,000,000 Class A Ordinary Shares, and (ii) 5,000,000 Class B Ordinary Shares. - to approve the Second Amended and Restated Memorandum and Articles of Association of the Company substitution for the Amended and Restated Memorandum and Articles of Association of the Company currently in effect, to reflect the change in the authorized share capital and to set out the rights and privileges of Class A Ordinary Shares and Class B Ordinary Shares.
- to approve the repurchase and issuance of shares of certain shareholder as follows:
| Name of Shareholder | Number of Existing Shares held | Number of Shares to be Held Giving Effect to Share Re- designation and Re-classification | Number of Shares to be Held Giving Effect to Share Re-designation and Re-classification, Repurchase and Issuance | |||||
| Decent Limited | 13,026,000 Ordinary Shares | 13,026,000Class A Ordinary Shares | 8,026,000 Class A Ordinary Shares 5,000,000 Class B Ordinary Shares |
The notice of the EGM sets forth the resolutions to be submitted to shareholders of the Company for approval and other relevant information regarding the EGM.
About Decent Holding Inc.
Decent Holding Inc. specializes in the provision of wastewater treatment by cleansing the industrial wastewater, ecological river restoration and river ecosystem management by enhancing the water quality, as well as microbial products primarily used for pollutant removal and water quality enhancement, through the Company’s subsidiary, Shandong Dingxin Ecology Environmental Co., Ltd. For more information, please visit: https://ir.dxshengtai.com.
Forward-Looking Statement
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and all other factors discussed in the “Risk Factors” section of the Company’s latest Annual Report on Form 20-F filed with the SEC, available for review at www.sec.gov. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For investor and media inquiries, please contact:
Wealth Financial Services LLC
Connie Kang, Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742 (CN)
FAQ
When is Decent Holding (DXST) holding its Extraordinary General Meeting?
What voting rights will DXST's new Class A and Class B shares have?
How many shares will Decent hold after DXST's share restructuring?
What is the total authorized share capital of DXST after reorganization?
