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Share redesignation and new charter at Eastern International (ELOG)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Eastern International Ltd. reported results of an Extraordinary General Meeting where shareholders approved a redesignation of existing preferred shares and an update to the company’s charter. The 1,000,000 issued preferred shares with a par value of USD0.0001 were redesignated as 1,000,000 series A preferred shares with the same rights.

Following this share redesignation, the authorised share capital became USD50,000, divided into 450,000,000 ordinary shares, 1,000,000 series A preferred shares, and 49,000,000 other preferred shares, each with a par value of USD0.0001. Shareholders also approved and adopted the Third Amended and Restated Memorandum and Articles of Association, replacing the prior version with immediate effect.

Positive

  • None.

Negative

  • None.
Authorised share capital USD50,000 After share redesignation and capital changes
Ordinary shares authorised 450,000,000 shares Par value USD0.0001 per share
Series A preferred shares authorised 1,000,000 shares Redesignated from 1,000,000 issued preferred shares
Other preferred shares authorised 49,000,000 shares Par value USD0.0001 per share; terms to be set by directors
Par value per share USD0.0001 per share Applies to ordinary, series A preferred and other preferred shares
Issued preferred shares redesignated 1,000,000 shares Redesignated into series A preferred shares with unchanged rights
Extraordinary General Meeting financial
"held an Extraordinary General Meeting (the “Extraordinary Meeting”) of shareholders at 10:30am"
preferred shares financial
"the 1,000,000 issued preferred shares with a nominal or par value of USD0.0001"
Preferred shares are a type of investment that gives investors priority over common shareholders when it comes to receiving dividends and getting their money back if a company is sold or liquidated. Think of them as a safer, more predictable way to earn income from a company's profits, similar to a fixed-return investment, but without voting rights. This makes preferred shares appealing to those seeking stable income with a higher claim on assets than regular stockholders.
series A preferred shares financial
"be re-designated as 1,000,000 series A preferred shares with a nominal or par value"
Series A preferred shares are an early-stage class of ownership sold to investors that gives them special protections and payment priority over regular common stock. Think of them as a safer seat on a bus: if the company earns money or is sold, holders get paid before ordinary shareholders, and they often can convert to common shares later to share upside; that mix of safety and growth potential helps investors manage risk and reward.
authorised share capital financial
"after the Share Redesignation, the authorised share capital shall become USD50,000 divided into"
The maximum number of shares a company is legally allowed to create under its founding documents. Think of it like the size of an empty container: it sets the upper limit on how many ownership pieces the company can hand out, which matters to investors because it controls how easily a company can raise cash, dilute existing owners, or change voting power without a formal legal change.
Third Amended and Restated Memorandum and Articles of Association regulatory
"the third amended and restated memorandum and articles of association of the Company"
special resolution regulatory
"the shareholders of the Company also approved a special resolution that the third amended"
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.
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Learn about SEC filing dates

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2026

 

Commission File Number 001-42817

 

eastern international Ltd.

(Translation of registrant’s name into English)

 

Suite 901-903, 9th Floor, Building #2, Qianwan Zhigu

Chuanhua Smart CenterScience and Technology City Block

Xiaoshan Economic and Technological Development Zone

Xiaoshan District, Hangzhou, Zhejiang Province, China 311231

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Eastern International Ltd., a Cayman Islands Company (the “Company”) held an Extraordinary General Meeting (the “Extraordinary Meeting”) of shareholders at 10:30am on June 22, 2026, local time, at Suite 901, 9th Floor, Building #2, Qianwan Zhigu, Chuanhua Smart CenterScience and Technology City Block, Xiaoshan Economic and Technological Development Zone, Xiaoshan District, Hangzhou, Zhejiang Province, China. A quorum was present at the meeting as required by the Second Amended and Restated Memorandum and Articles of Association of the Company. At the Extraordinary Meeting, the shareholders of the Company approved the following ordinary resolution: the 1,000,000 issued preferred shares with a nominal or par value of USD0.0001 per share be re-designated as 1,000,000 series A preferred shares with a nominal or par value of USD0.0001 per share with their rights unchanged and as set out in the third amended and restated memorandum and articles of association and the rights and terms of the remaining 49,000,000 Preferred Shares will be determined by the Directors from time to time before the issuance of such shares (the “Share Redesignation”) such that after the Share Redesignation, the authorised share capital shall become USD50,000 divided into (i) 450,000,000 ordinary shares with a nominal or par value of USD0.0001 per share, (ii) 1,000,000 series A preferred shares with a nominal or par value of USD0.0001 per share and (iii) 49,000,000 preferred shares with a nominal or par value of USD0.0001 per share (the “Share Redesignation and Share Capital Changes”). At the Extraordinary Meeting, the shareholders of the Company also approved a special resolution that the third amended and restated memorandum and articles of association of the Company (the “Third Amended and Restated M&A”), which contains all the proposed amendments mentioned in the proxy statement and a copy of which has been produced and marked as “Annex A” of the proxy statement, be and are approved and adopted in substitution for and to the exclusion of the existing memorandum and articles of association of the Company with immediate effect upon passing of ordinary resolution above, and any director, registered office provider or company secretary of the Company be and is authorized to do all such acts, deeds and things and execute all such documents and make all such arrangements that he/she shall, in his/her absolute discretion, deem necessary or expedient to give effect and implement the adoption of the Third Amended and Restated M&A, including without limitation, attending to the necessary filings with the Registrar of Companies in the Cayman Islands and with any other relevant authorities.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: June 23, 2026

 

  Eastern international LTD.
   
  By: /s/ Albert Wong
  Name: Albert Wong
  Title: Chief Executive Officer

 

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FAQ

What corporate actions did Eastern International (ELOG) shareholders approve?

Shareholders approved a redesignation of 1,000,000 issued preferred shares into series A preferred shares and adopted a Third Amended and Restated Memorandum and Articles of Association, updating the company’s charter and share structure with immediate effect after the ordinary resolution passed.

How did Eastern International (ELOG) change its authorised share capital?

Authorised share capital is now USD50,000, divided into 450,000,000 ordinary shares, 1,000,000 series A preferred shares, and 49,000,000 other preferred shares, each with a par value of USD0.0001. This reflects the approved share redesignation and share capital changes.

What happened to Eastern International’s existing preferred shares?

The 1,000,000 issued preferred shares with a par value of USD0.0001 were redesignated as 1,000,000 series A preferred shares with unchanged rights as described in the Third Amended and Restated Memorandum and Articles of Association adopted at the Extraordinary General Meeting.

What is the significance of Eastern International’s Third Amended and Restated M&A?

The Third Amended and Restated Memorandum and Articles of Association replace the prior charter documents. They incorporate the approved amendments, including share redesignation, and authorize directors and officers to complete necessary filings with the Cayman Islands Registrar of Companies and other relevant authorities.

When and where did Eastern International (ELOG) hold its Extraordinary General Meeting?

The Extraordinary General Meeting took place at 10:30 a.m. on June 22, 2026, at the company’s office location in Xiaoshan District, Hangzhou, Zhejiang Province, China. A quorum was present in accordance with the company’s Second Amended and Restated Memorandum and Articles of Association.