INLIF LIMITED Announces Results of Extraordinary General Meeting of Shareholders
INLIF shareholders approved a massive increase in authorized share capital and a planned migration of the holding company from Cayman to the British Virgin Islands.
Rhea-AI Summary
INLIF LIMITED (INLF) held an Extraordinary General Meeting on September 15, 2026, at which shareholders approved all proposals related to the Company’s capital structure, governing documents, and domicile.
Resolutions included increasing authorized share capital from US$350,000 (1,046,875 Class A and 46,875 Class B shares at US$0.32 par) to US$2,720,000,000 (8,000,000,000 Class A and 500,000,000 Class B shares at US$0.32 par), and adopting a seventh amended and restated memorandum and articles of association to reflect this and adjust quorum rules to be based on voting power. Shareholders also approved reducing the par value of each authorized ordinary share from US$0.32 to US$0.0001 and adopting a further amended and restated memorandum and articles to reflect that reorganization.
In addition, shareholders approved the Company’s deregistration from the Cayman Islands and continuation into the British Virgin Islands, adoption of a BVI-compliant memorandum and articles, ratification of Enrome LLP as auditor for fiscal 2026, and a possible adjournment of the Meeting if needed.
Positive
- All seven meeting proposals were approved, enabling the planned capital and governance changes to proceed
- Shareholders ratified Enrome LLP as independent registered public accounting firm for fiscal year ending December 31, 2026
Negative
- Authorized share capital increased from US$350,000 to US$2,720,000,000, allowing up to 8,000,000,000 Class A and 500,000,000 Class B shares
- Company approved migration from Cayman Islands to the British Virgin Islands, shifting its corporate law and regulatory framework
- Quorum at the adjourned Meeting was below one-third of outstanding ordinary shares, relying on Cayman home-country practice rather than Nasdaq Listing Rule 5620(c)
News Explained
Although shareholders approved the proposals on September 15, the capital reorganization and Cayman-to-BVI migration take effect only through the stated sequence, filings, and required governmental or regulatory consents, so the authorized-capital and domicile changes are not yet fully effective on this announcement alone.
Details
News Market Reaction – INLF
In the Sep 16 session, INLF gained 1.56%, reflecting a mild positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Authorized share capital
- US$350,000 to US$2,720,000,000
- Approved share capital increase
- Authorized shares
- 8,000,000,000 Class A and 500,000,000 Class B shares
- After the approved share capital increase
- Additional authorized shares
- 7,998,953,125 Class A and 499,953,125 Class B shares
- Shares to be created under the approved increase
- Par value
- US$0.32 to US$0.0001
- Approved share capital reorganization
- Quorum
- Less than one-third (1/3) of outstanding ordinary shares
- Adjourned meeting quorum under the applicable provisions
Historical Context
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Meeting adjourned because the initial session lacked the required quorum.
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Shareholders were scheduled to vote on the same capital and structural changes.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
par value financial
quorum regulatory
special resolution regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
QUANZHOU, China, Sept. 16, 2026 (GLOBE NEWSWIRE) -- INLIF LIMITED (NASDAQ: INLF) (together with all its subsidiaries and consolidated entities, the “Company” or “INLIF”), a company engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms, today announced the results of the Company's Extraordinary General Meeting (the "Meeting") held at 9:30 a.m. U.S. Eastern Time on September 15, 2026. The proposals submitted for shareholder approval at the Meeting have been approved. Specifically, the shareholders have duly passed the following resolutions:
(1) Share Capital Increase. To approve, by ordinary resolution, the increase of the authorized share capital of the Company from US
(2) Adoption of the Seventh Amended and Restated Memorandum and Articles of Association. To adopt, by special resolution and conditional upon and immediately following the Share Capital Increase, the seventh (7th) amended and restated memorandum and articles of association, substantially in the form attached as Exhibit A to the explanatory statement accompanying the notice of the Meeting previously distributed to the shareholders, primarily to reflect the Share Capital Increase, to amend Article 11.1(b) to base the quorum requirement on voting power rather than the number of shares, and to reflect certain other housekeeping changes.
(3) Share Capital Reorganization. To approve, by special resolution, the reduction of the par value of each authorized ordinary share from US
(4) Adoption of Amended and Restated Memorandum and Articles of Association to Reflect the Share Capital Reorganization. To adopt, by special resolution, an amended and restated memorandum and articles of association reflecting the Share Capital Reorganization, conditional upon and immediately following the Share Capital Reorganization being effected.
(5) Migration to the British Virgin Islands. To approve, by special resolution, the deregistration of the Company as an exempted company under the laws of the Cayman Islands and its continuation into the British Virgin Islands as a BVI business company (the “Migration”); to authorize any Director to sign the voluntary declaration (including a statement of the Company’s assets and liabilities as required by the Companies Act (Revised)), an undertaking that the Company has no secured creditors, and a notice of the proposed BVI registered office address, each in connection with the application to the Cayman Islands Registrar of Companies; to approve the adoption, conditional upon and with immediate effect from the Migration, of a BVI-compliant memorandum and articles of association (the “BVI MAA”), substantially in the form attached as Exhibit B to the explanatory statement accompanying the notice of the Meeting previously distributed to the shareholders, to replace the Company’s existing memorandum and articles of association in their entirety; and to authorize the Board of Directors and any director or officer to take all actions, execute all documents, and make all filings necessary or desirable to effect the Migration. The proposal was expressed to be subject to all necessary governmental and regulatory consents.
(6) Ratification of Independent Registered Public Accounting Firm. To ratify, by ordinary resolution, the appointment of Enrome LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.
(7) Adjournment. To approve, by ordinary resolution, the adjournment of the Meeting, if necessary.
The approved proposals will take effect in such sequence and subject to such conditions reviewed at the Meeting and described in the notice and explanatory statement, including any required governmental and regulatory consents and filings.
The Meeting was held originally on September 8 at 9:30 a.m. U.S. Eastern Time, and was adjourned due to the absence of a quorum and in accordance with the adjourned-meeting provisions of Article 11.2(b) of the Company’s currently effective sixth amended and restated memorandum and articles of association. The ordinary shares represented in person or by proxy at this adjourned Meeting, although still less than one-third (1/3) of the outstanding ordinary shares, constituted a quorum in accordance with Article 11.2(b) as permitted under applicable Cayman Islands law. In this respect, the Company elected to follow home country practice in the Cayman Islands in lieu of satisfying the quorum-related requirements of Nasdaq’s Listing Rule 5620(c).
About INLIF LIMITED
INLIF is a holding company and an exempted company incorporated in the Cayman Islands with limited liability. Through its operating entity in the People’s Republic of China, Ewatt Robot Equipment Co. Ltd., established in September 2016, INLIF is engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms. It is also a provider of installation services and warranty services for manipulator arms, and accessories and raw materials for manipulator arms. The Company produces an extensive portfolio of injection molding machine-dedicated manipulator arms, including transverse single and double-axis manipulator arms, transverse and longitudinal multi-axis manipulator arms, and large bullhead multi-axis manipulator arms, all developed by itself. It has also built experience in industrial automation solutions, including in the new energy sector, as well as intelligent robotics in recent years. For more information, please visit the Company’s website: https://ir.yiwate88.com/.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements also involve other known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “aims,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov.
For investor and media inquiries, please contact:
INLIF LIMITED
Investor Relations Department
Email: ir@yiwate88.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How were the quorum requirements satisfied at the adjourned Extraordinary General Meeting?
The Meeting was originally held on September 8, 2026, and adjourned due to lack of quorum. At the adjourned Meeting on September 15, 2026, the ordinary shares represented in person or by proxy were still less than one-third of the outstanding ordinary shares but constituted a quorum under Article 11.2(b) of the Company’s sixth amended and restated memorandum and articles of association. The Company elected to follow Cayman Islands home country practice for quorum in lieu of Nasdaq Listing Rule 5620(c).
What changes were made to the Company’s governing documents besides reflecting the capital changes?
The seventh amended and restated memorandum and articles of association primarily reflect the share capital increase, amend Article 11.1(b) so that quorum is based on voting power rather than the number of shares, and incorporate certain other housekeeping changes. Upon the share capital reorganization and later upon Migration, further amended and restated memoranda and articles will take effect to reflect those steps.
What authorizations were granted to the Board and officers in connection with the Migration to the British Virgin Islands?
Shareholders authorized any Director to sign the voluntary declaration, an undertaking that the Company has no secured creditors, and a notice of the proposed BVI registered office address for the Cayman deregistration application. They also authorized the Board and any director or officer to take all actions, execute all documents, and make all filings necessary or desirable to effect the Migration and to adopt the BVI-compliant memorandum and articles of association.