STOCK TITAN

Huachen AI Parking (NASDAQ: HCAI) waives extra Class B votes

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Huachen AI Parking Management Technology Holding Co., Ltd (HCAI) reported results of an August 18, 2026 Class A shareholders’ meeting and an extraordinary general meeting. Class A holders representing 94.37% of the 7,629,942 Class A ordinary shares outstanding as of July 21, 2026 approved a class resolution related to changing Class B voting rights and adopting amended and restated constitutional documents.

At the subsequent extraordinary general meeting, Class A and Class B shareholders representing 98.19% of total voting power approved: (1) increasing Class B voting rights from 30 to 200 votes per share, (2) adopting an amended and restated memorandum and articles of association reflecting this change, and (3) an adjournment authority. Afterward, the sole Class B shareholder entered into a Voting Rights Waiver Agreement irrevocably waiving the additional 170 votes per share so that the effective voting power of each Class B share remains at 30 votes. The company also plans to call another extraordinary general meeting to formally reduce the Class B voting power back to 30 votes per share in its governing documents.

Positive

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Class A Ordinary Shares outstanding 7,629,942 shares Issued and outstanding as of the record date of July 21, 2026
Class B Ordinary Shares outstanding 533,334 shares Issued and outstanding as of the record date of July 21, 2026
Class A Meeting quorum 7,200,325.20 shares; 94.37% Class A ordinary shares present or by proxy at the Class A Meeting
Extraordinary Meeting quorum 98.19% of total voting power Voting power represented by 7,629,942 Class A and 533,334 Class B shares
Class B voting rights before change 30 votes per share Original voting rights of each Class B ordinary share
Class B voting rights after increase 200 votes per share Voting rights approved at the extraordinary general meeting
Votes waived per Class B share 170 votes per share Additional voting rights waived under the Voting Rights Waiver Agreement
Class A Proposal For / Against 7,199,944.20 For; 381 Against Voting results of Class A holders on the Class A Proposal
Class A Ordinary Shares financial
"holders of Class A ordinary shares of a par value of US$0.0000375 each"
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
Class B Ordinary Shares financial
"the voting rights attached to each Class B ordinary share of a par value"
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
Amended and Restated Memorandum and Articles of Association regulatory
"the adoption of the Amended and Restated Memorandum and Articles of Association"
A document that replaces and combines a company’s core governing papers into a single, updated set of rules spelling out the company’s purpose, share structure, voting rights and how decisions are made. Think of it as rewriting and consolidating a household’s rulebook so everyone knows who controls what and how major choices are handled. Investors watch these changes because they can alter ownership rights, governance, dividend policy and takeover protections, affecting value and control.
extraordinary general meeting regulatory
"the Company held an extraordinary general meeting of shareholders"
Voting Rights Waiver Agreement regulatory
"entered into a Voting Rights Waiver Agreement with the Company"

FAQ

What voting changes did HCAI shareholders approve for Class B shares?

Shareholders approved an increase in the voting rights of each Class B ordinary share from 30 votes per share to 200 votes per share and adopted amended and restated constitutional documents to reflect this increase, subject to the stated conditions and class consents.

How did the Voting Rights Waiver Agreement affect HCAI Class B voting power?

After the meeting, the sole Class B shareholder signed a Voting Rights Waiver Agreement, voluntarily and irrevocably waiving the extra 170 votes per share. This keeps the effective voting power of each Class B ordinary share at 30 votes per share on all shareholder matters.

What quorum and participation levels did HCAI report for the Class A meeting?

Holders of 7,200,325.20 Class A ordinary shares were present in person or by proxy, representing approximately 94.37% of the voting power of the 7,629,942 Class A ordinary shares outstanding as of July 21, 2026, which constituted a quorum.

What were the quorum levels at HCAI’s extraordinary general meeting?

At the extraordinary general meeting, holders of 7,202,084.20 Class A ordinary shares and 533,334 Class B ordinary shares attended, representing about 98.19% of the total voting power of the Class A and Class B shares outstanding as of July 21, 2026.

What proposals were approved at HCAI’s extraordinary general meeting?

Shareholders approved three items: (1) the increase in voting rights of Class B ordinary shares, (2) adoption of the amended and restated memorandum and articles of association to reflect that increase, and (3) an adjournment resolution permitting the meeting to be adjourned if needed.

Does HCAI plan further shareholder action on Class B voting rights?

Yes. The company intends to convene another extraordinary general meeting to approve a reduction of the voting power of each Class B ordinary share from 200 votes per share back to 30 votes per share, restoring the original voting rights in its governing documents.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2026

 

Commission File Number: 001-42505

 

Huachen AI Parking Management Technology Holding Co., Ltd,

(Translation of registrant’s name into English)

 

No. 6395 Hutai Road
Baoshan District, Shanghai, China
(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 ☐

 

 

 

 

 

 

On August 18, 2026, at 10:00 A.M., Beijing Time (August 17, 2026, at 10:00 P.M., Eastern Time), Huachen AI Parking Management Technology Holding Co., Ltd (the “Company”) held a meeting of the holders of Class A ordinary shares of a par value of US$0.0000375 each (the “Class A Ordinary Shares”) of the Company (the “Class A Meeting”) at its executive office at No. 6395 Hutai Road, Baoshan District, Shanghai, China. Holders of 7,200,325.20 Class A Ordinary Shares of the Company were present in person or by proxy at the Class A Meeting, representing approximately 94.37% of the total voting power represented by the 7,629,942 Class A Ordinary Shares issued and outstanding as of the record date of July 21, 2026, and therefore constituting a quorum. The Class A Proposal submitted to a vote of the holders of Class A Ordinary Shares at the Class A Meeting was approved as recommended by the Board of Directors of the Company.

 

Immediately following the Class A Meeting, the Company held an extraordinary general meeting of shareholders (the “Extraordinary Meeting”) at its executive office at No. 6395 Hutai Road, Baoshan District, Shanghai, China. Holders of 7,202,084.20 Class A Ordinary Shares, and 533,334 Class B Ordinary Shares of the Company were present in person or by proxy at the Extraordinary Meeting, representing a total voting power of approximately 98.19% of the total voting power represented by the 7,629,942 Class A and 533,334 Class B ordinary shares issued and outstanding as of the record date of July 21, 2026, and therefore constituting a quorum. All matters voted on at the Extraordinary Meeting were approved as recommended by the Board of Directors of the Company.

 

Meeting of the Holders of Class A Ordinary Shares

 

The final voting results for the matter submitted to a vote of the holders of Class A Ordinary Shares at the Class A Meeting are as follows:

 

      For  Against   Abstain 
Proposal  As an ordinary resolution, to approve any variation of the rights attaching to the Class A Ordinary Shares arising from the matters contemplated by (i) the increase in the voting rights attached to the Class B Ordinary Shares and (ii) the adoption of the Amended and Restated Memorandum and Articles of Association of the Company (the “Class A Proposal”).  7,199,944.20  381   0 

 

Extraordinary General Meeting of Shareholders

 

The final voting results for each matter submitted to a vote of shareholders at the Extraordinary Meeting are as follows:

 

      For  Against  Abstain 
Proposal One:  By an ordinary resolution, subject to and conditional upon approval by the shareholders of Proposal Two and all requisite class consents being obtained, to approve that the voting rights attached to each Class B ordinary share of a par value of US$0.0000375 each (the “Class B Ordinary Shares”) of the Company be increased from thirty (30) votes per share to two hundred (200) votes per share on all matters subject to vote at general meetings of the Company (the “Increase of Voting Rights of Class B Ordinary Shares”).  23,201,576.20  321  206 
Proposal Two:  By a special resolution, subject to and conditional upon approval by the shareholders of Proposal One, and all requisite class consents being obtained, to adopt the amended and restated memorandum and articles of association of the Company (the “Adoption of the Amended and Restated M&AA”) in substitution for and to the exclusion of the existing amended and restated memorandum and articles of association of the Company, to reflect the Increase of Voting Rights of Class B Ordinary Shares.  23,201,377.20  321  406 
Proposal Three:  As an ordinary resolution, to adjourn the Extraordinary Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of Proposal One and Proposal Two (the “Adjournment”).  23,201,294.20  404  406 

 

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Following the Extraordinary Meeting, the sole shareholder of the Class B ordinary shares of the Company entered into a Voting Rights Waiver Agreement with the Company (the “Waiver Agreement”), pursuant to which the Class B shareholder voluntarily and irrevocably waived the additional one hundred seventy (170) votes per share granted by the Increase of Voting Rights of Class B Ordinary Shares, such that the effective voting power of each Class B Ordinary Share held by the Class B shareholders shall remain limited to thirty (30) votes per share for all matters submitted to a vote of the Company’s shareholders. A copy of the Waiver Agreement is filed as Exhibit 10.1 to this Report on Form 6-K.

 

In addition, the Company intends to convene an extraordinary general meeting of shareholders in the near future to approve a reduction of the voting power of each Class B Ordinary Share from two hundred (200) votes per share back to thirty (30) votes per share, thereby restoring the original voting rights attached to the Class B Ordinary Shares prior to the Increase of Voting Rights of Class B Ordinary Shares. Further details regarding the extraordinary general meeting, including the date, time, location, and record date, will be announced in a subsequent filing with the Securities and Exchange Commission.

 

Exhibit Index

 

Exhibit No.   Description
3.1   Amended and Restated Memorandum of Association
10.1   Voting Rights Waiver Agreement, dated as of August 24, 2026, by and between the Company and the holders of Class B Ordinary Shares

 

2

 

 

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: August 26, 2026 Huachen AI Parking Management Technology Holding Co., Ltd,
   
  By: /s/ Bin Lu
  Name: Bin Lu
  Title: Chief Executive Officer

 

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Filing Exhibits & Attachments

2 documents