STOCK TITAN

Mingteng (MTEN) shareholders raise Class B votes and authorize up to 1B Class A shares

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Mingteng International Corporation Inc. reported results of a Class A shareholders’ meeting and its Annual General Meeting held in Wuxi, China. At the Class A meeting, holders of 1,700,557 Class A shares, or 33.82% of outstanding Class A shares as of April 24, 2026, formed a quorum and approved changes to rights attached to Class A shares related to increased Class B voting rights and new governing documents.

At the AGM, holders of 3,937,747 Class A shares and 10,455 Class B shares, representing 79.18% of issued ordinary shares as of the same record date, approved all five proposals. These included increasing voting rights of each Class B share from 20 to 200 votes, reducing par value per share from US$0.002 to US$0.00005, expanding authorized capital to 998,000,000 Class A shares and 2,000,000 Class B shares, and adopting a fourth amended and restated memorandum and articles of association reflecting these changes.

Positive

  • None.

Negative

  • Shareholders approved increasing voting rights of each Class B ordinary share from 20 to 200 votes, materially concentrating voting power with Class B holders.
  • Authorized share capital was expanded to 998,000,000 Class A shares and 2,000,000 Class B shares, creating significant capacity for future equity issuance and potential dilution.

Insights

Shareholders approved a major voting power shift and large capital authorization.

The AGM approvals significantly reshape Mingteng International Corporation Inc.’s capital and control structure. Class B voting power rises from 20 to 200 votes per share, materially strengthening the influence of Class B holders on all matters put to shareholder votes.

The reduction in par value to US$0.00005 per share and increase in authorized capital to 998,000,000 Class A shares and 2,000,000 Class B shares expand the company’s capacity to issue new equity. Actual dilution will depend on whether and how many of these authorized shares are later issued.

The adoption of a fourth amended and restated memorandum and articles of association embeds these changes in the company’s governing documents. Subsequent disclosures in future company communications would clarify any specific issuance plans or further structural adjustments linked to this expanded authorization.

Class A meeting quorum 1,700,557 Class A shares (33.82%) Class A meeting attendance as of April 24, 2026 record date
AGM quorum 3,937,747 Class A and 10,455 Class B shares (79.18%) AGM attendance as of April 24, 2026 record date
Class B voting rights 20 to 200 votes per share Proposal One increase of voting rights of Class B Ordinary Shares
Par value reduction US$0.002 to US$0.00005 per share Proposal Two par value reduction for all authorised and issued shares
Authorized capital before increase US$1,250 24,989,545 Class A and 10,455 Class B at US$0.00005 par value
Authorized capital after increase US$50,000 998,000,000 Class A and 2,000,000 Class B at US$0.00005 par value
Proposal One votes 4,111,405 For, 35,431 Against, 11 Abstain Increase of voting rights of Class B Ordinary Shares
Proposal Two votes 4,107,715 For, 39,121 Against, 11 Abstain Par Value Reduction
Class A Ordinary Shares financial
"Holders of 1,700,557 Class A ordinary shares of the Company were present"
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 of US$0.002"
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.
authorized share capital financial
"to approve a reduction in the Company’s authorized share capital from (i) US$50,000"
The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.
par value financial
"by way of reduction of the par value of each authorised share in the capital of the Company"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
special resolution financial
"By a special resolution, to approve a reduction in the Company’s authorized share capital"
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.
memorandum and articles of association financial
"to adopt the fourth amended and restated memorandum and articles of association of the Company"
Memorandum and articles of association are the founding legal documents of a company: the memorandum sets out the company’s basic purpose and scope, while the articles act as its internal rulebook detailing how the company is run, who has what powers, and how decisions are made. For investors these documents matter because they define ownership rights, voting rules, limits on activities, and procedures for major changes—like a contract and rulebook that determine how their investment can be used and protected.

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

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FAQ

What did Mingteng International (MTEN) shareholders approve about Class B voting rights?

Shareholders approved increasing voting rights of each Class B ordinary share from 20 votes to 200 votes per share. This change gives Class B shareholders much stronger influence over decisions at general meetings compared with Class A shareholders.

How many Mingteng (MTEN) shares were represented at the 2026 AGM?

At the AGM, holders of 3,937,747 Class A ordinary shares and 10,455 Class B ordinary shares were present or represented. This equaled 79.18% of the total issued ordinary shares as of the April 24, 2026 record date, satisfying quorum requirements.

How did Mingteng (MTEN) change its authorized share capital at the AGM?

Shareholders approved increasing authorized capital from US$1,250 to US$50,000, divided into 998,000,000 Class A shares and 2,000,000 Class B shares at US$0.00005 par value each. This followed a par value reduction from US$0.002 per share to US$0.00005 per share.

What par value reduction did Mingteng International (MTEN) approve?

Mingteng’s shareholders approved reducing par value of all authorized and issued shares from US$0.002 to US$0.00005 per share. This technical change lowered the company’s authorized share capital amount while maintaining the same number of authorized shares before the subsequent capital increase.

What governance document changes did Mingteng (MTEN) adopt at the AGM?

Shareholders approved adopting a fourth amended and restated memorandum and articles of association. The new document reflects the increased voting rights of Class B shares, the par value reduction, and the expanded authorized share capital approved in related AGM proposals.

Were all Mingteng (MTEN) AGM proposals approved by shareholders?

All five AGM proposals were approved. These covered increasing Class B voting rights, reducing par value, increasing authorized share capital, adopting updated memorandum and articles of association, and authorizing a potential adjournment of the AGM if additional proxy solicitation had been needed.

 

 

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 June 2026

 

Commission File Number: 001-42024

 

Mingteng International Corporation Inc.

 

No. 10 Fushi Road, Luoshe Town, Huishan District,

Wuxi, Jiangsu Province, China 214000

(Address of principal executive office)

 

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

 

 

 

 

 

 

Meeting of Holders of Class A Ordinary Shares

 

On May 29, 2026, at 10:00 A.M., Beijing Time (May 28, 2026, at 10:00 P.M., Eastern Time), Mingteng International Corporation Inc. (the “Company”) held a meeting of the holders of Class A ordinary shares (the “Class A Meeting”) at No. 10 Fushi Road, Luoshe Town, Huishan District, Wuxi, Jiangsu Province, China 214000. Holders of 1,700,557 Class A ordinary shares of the Company were present in person or by proxy at the Class A Meeting, representing approximately 33.82% of the total issued and outstanding Class A ordinary shares of the Company as of the record date of April 24, 2026, and therefore constituting a quorum of the Class A ordinary shares issued and outstanding and entitled to vote at the Class A Meeting as of the record date. The matter voted on at the Class A Meeting was approved as recommended by the Board of Directors of the Company. 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  

By a resolution passed by at least a three-fourths (3/4) majority of the holders of the Class A Ordinary Shares present in person or by proxy and entitled to vote at the Class A Meeting, to approve any variation or abrogation of rights attaching to the Class A Ordinary Shares arising from the matters contemplated by the Increase of Voting Rights of Class B Ordinary Shares and the Adoption of the Fourth Amended and Restated M&A.

  1,668,342   31,920   295  

 

Annual General Meeting of Shareholders

 

The Annual General Meeting of Shareholders (the “AGM”) was held immediately following the Class A Meeting on May 29, 2026, at No. 10 Fushi Road, Luoshe Town, Huishan District, Wuxi, Jiangsu Province, China 214000. Holders of 3,937,747 Class A ordinary shares and 10,455 Class B ordinary shares were present in person or by proxy at the AGM, representing approximately 79.18% of the total issued ordinary shares as of the record date of April 24, 2026, and therefore constituting a quorum of the shares outstanding and entitled to vote at the AGM as of the record date. All matters voted on at the AGM were approved as recommended by the Board of Directors of the Company. The final voting results for each matter submitted to a vote of shareholders at the AGM are as follows:

 

  

      For   Against   Abstain   
Proposal One:   By an ordinary resolution, subject to and conditional upon approval by the shareholders of Proposal 4 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$0.002 each (the “Class B Ordinary Shares”) of the Company be increased from twenty (20) 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”).   4,111,405   35,431   11  
                   
Proposal Two:   By a special resolution, to approve a reduction in the Company’s authorized share capital from (i) US$50,000 divided into 24,989,545 Class A ordinary shares of a par value of US$0.002 each (the “Class A Ordinary Shares”) and 10,455 Class B Ordinary Shares of a par value of US$0.002 each, to (ii) US$1,250 divided into 24,989,545 Class A Ordinary Shares of a par value of US$0.00005 each and 10,455 Class B Ordinary Shares of a par value of US$0.00005 each, by way of reduction of the par value of each authorised share in the capital of the Company (including all issued shares) from US$0.002 to US$0.00005 (the “Par Value Reduction”).   4,107,715   39,121   11  
                   
Proposal Three:   By an ordinary resolution, with effect immediately following the effectiveness of the Par Value Reduction, to increase the Company’s authorized share capital from US$1,250 divided into 24,989,545 Class A Ordinary Shares of a par value of US$0.00005 each and 10,455 Class B Ordinary Shares of a par value of US$0.00005 each, to US$50,000 divided into 998,000,000 Class A Ordinary Shares of a par value of US$0.00005 each and 2,000,000 Class B Ordinary Shares of a par value of US$0.00005 each  (the “Share Capital Increase”).   4,106,581   40,254   11  
                   
Proposal Four:  

By a special resolution, subject to and conditional upon approval by the shareholders of Proposal 1, Proposal 2 and Proposal 3 and all requisite class consents being obtained, and with effect immediately following effectiveness of the Par Value Reduction, to adopt the fourth amended and restated memorandum and articles of association of the Company in the form attached as Appendix A to the proxy statement accompanying this notice 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, the Par Value Reduction and the Share Capital Increase 

  4,106,732   40,044   71  
                   
Proposal Five:   By an ordinary resolution, to adjourn the AGM 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 1, Proposal 2, Proposal 3, and Proposal 4.   4,106,806   39,937   104  

 

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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 3, 2026 Mingteng International Corporation Inc.
     
  By: /s/ Yingkai Xu
  Name: Yingkai Xu
  Title: Chief Executive Officer

 

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