HomesToLife Announces Results of Extraordinary General Meeting

The approved resolutions take effect only upon the SGX-ST listing, which remains proposed following conditional eligibility.

Rhea-AI Summary

HomesToLife (HTLM) shareholders approved two resolutions supporting its proposed secondary listing by introduction on the SGX-ST Mainboard.

The resolutions take effect upon listing. They adopt revised constitutional documents to meet listing requirements and authorize the board to declare all dividends, subject to Cayman law. They also approve a mandate for transactions with specified interested persons, requiring normal commercial terms, protection of minority shareholders and review procedures.

HomesToLife received a conditional eligibility-to-list letter on October 21, 2026, and issued its Introductory Document dated October 23, 2026. Preparations continue, with no assurance the proposed listing will be completed.

2 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 1 point

How the balance works

Positive

• Minor pointShareholder approval advances preparations for the proposed SGX-ST Mainboard secondary listing.
• Minor pointConditional eligibility-to-list letter received from SGX-ST on October 21, 2026.

Negative

• Moderate pointSecondary listing remains proposed; preparations continue without assurance of completion.

Historical Context

1 past event · Latest: Oct 23

1 event

1. Oct 23

   Listing eligibility

   24h Move

   -2.4%

   Conditional SGX-ST eligibility letter and introductory document preceded shareholder approval.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

special resolution, ordinary resolution, share premium account

3 terms

special resolution regulatory

"adopt, as a special resolution, the Third Amended and Restated Memorandum"

A special resolution is a formal shareholder vote that requires a higher-than-normal majority—typically around three-quarters—to approve major corporate changes, such as altering the company’s governing rules, selling the business, or winding it up. It matters to investors because it signals decisive, potentially value-altering actions that cannot be passed by a simple majority; think of it as needing extra votes to change the rules of a club, so minority interests are harder to override.

ordinary resolution regulatory

"approve, as an ordinary resolution, the IPT General Mandate"

An ordinary resolution is a decision made by shareholders at a company meeting that is approved when more than half of the votes cast are in favor. Think of it like a household vote where a majority decides routine matters — it covers everyday corporate actions such as approving directors, routine policy changes, or distributions, and matters to investors because these majority-approved choices shape governance, management authority, and the company’s near-term direction.

share premium account financial

"dividends from the share premium account subject to requirements"

The share premium account is an equity ledger entry that records the amount a company receives from issuing shares that is in excess of the shares' nominal (par) value. It arises when new shares are sold above their par value and is shown separately from share capital on the balance sheet; laws and accounting rules typically restrict its use, so it cannot be paid out as ordinary dividends but may be used for specific purposes such as covering share-issue costs, writing off preliminary expenses, or issuing bonus shares where permitted.

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SINGAPORE, Oct. 27, 2026 (GLOBE NEWSWIRE) -- HomesToLife Ltd (Nasdaq: HTLM) (“HomesToLife” or the “Company”), a Cayman Islands exempted company headquartered in Singapore with sales across Asia-Pacific, Europe and North America, today announced the results of an extraordinary general meeting (the “EGM”) held on October 27, 2026 at 10:00 A.M., Singapore Time (10 P.M. Eastern Time on Oct 26, 2026). The successful completion of the EGM represents a key milestone in the Company’s proposed secondary listing by way of an introduction of its ordinary shares on the Mainboard of the SGX-ST (the “Proposed Secondary Listing”).

At the EGM, shareholders of the Company passed the following resolutions effective upon the Company’s listing on the SGX-ST to:

(1)	adopt, as a special resolution, the Third Amended and Restated Memorandum and Articles of Association of the Company to position the Company to meet SGX-ST listing requirements and give the Board authority to declare all dividends including final dividends and dividends from the share premium account subject to requirements under the Cayman Companies Act (As Revised);
(2)	approve, as an ordinary resolution, the IPT General Mandate to grant approval to the Company, its subsidiaries and associated companies to enter into any interested person transaction (“IPT”) within mandated IPT categories and with mandated interested persons, provided that such transactions are made on normal commercial terms and are not prejudicial to the Company and its minority shareholders, and are entered into in accordance with the review procedures for interested person transactions.

“Today’s shareholder approval marks a meaningful milestone in our journey toward a secondary listing on the SGX-ST,” said Ms. Phua Mei Ming, Chief Executive Officer of HomesToLife. “We are grateful for the continued confidence of our shareholders as we work toward bringing HomesToLife closer to investors in our home market.”

As announced by the Company on October 23, 2026, the Company received a conditional eligibility-to-list letter (“ETL”) from the SGX-ST on October 21, 2026 and has issued the Introductory Document dated October 23, 2026 on the website of SGX-ST. The Company remains in the progress of preparing for the Proposed Secondary Listing, and there is no assurance that the Proposed Secondary Listing will proceed to completion.

About HomesToLife Ltd (Nasdaq: HTLM)

HomesToLife Ltd is a global furniture company headquartered in Singapore. Leveraging 50 years of heritage built by its founders, the Company combines wholesale distribution, consumer retail, and sourcing capabilities, supported by a diversified sourcing and supplier network across China, Vietnam and India.

The Company operates through three core business divisions: (i) export division for supplying furniture to wholesale customers such as retailers and distributors worldwide, (ii) leather trading division and (iii) retail division with direct retail operations in Singapore and South Korea.

Across these business divisions, the Company operates an integrated supply chain model that encompasses product design and development, sourcing from the Company's manufacturing partners, and the coordination of logistics and distribution channels. This operating model enables the Company to translate designs into production-ready products efficiently, supporting both branded and white-label offerings, and allows the Company to deliver scale and consistency across multiple markets.

Contacts

HomesToLife Ltd Contact:
12 Tai Seng Link
GRC Centre, #03-01A
Singapore 534233
Email: Investor@homestolife.com

Investor Relations Inquiries:

Edelman Smithfield
HomesToLife@edelmansmithfield.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did HomesToLife shareholders approve for the proposed SGX-ST secondary listing?

Shareholders approved revised constitutional documents and a mandate for transactions with specified interested persons, both effective upon the SGX-ST listing. The documents address listing requirements and board authority over dividends. The transaction mandate requires normal commercial terms, protection of the company and minority shareholders, and compliance with review procedures.

Has HomesToLife completed its SGX-ST secondary listing?

No completion has been announced; HomesToLife continues preparing for the proposed secondary listing by introduction. It received a conditional eligibility-to-list letter on October 21, 2026, but there is no assurance the listing will proceed to completion.