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Republic Power Group Limited has filed a report to distribute the notice and proxy materials for an upcoming Extraordinary General Meeting of Shareholders. The filing attaches the formal meeting notice and a proxy card so shareholders can review the proposals and authorize others to vote on their behalf.
The company, as a foreign private issuer, notes that the meeting notice is not subject to review or comment by the U.S. Securities and Exchange Commission. Shareholders are urged to carefully read the notice, which contains important information about the company and the Extraordinary General Meeting, and can access these materials for free through the SEC’s website or the company’s own website.
Republic Power Group Limited files its annual report as an ERP software developer headquartered in Singapore with highly volatile recent results. Revenue for the year ended June 30, 2025 was SGD 3,010,817 (USD 2,367,181), up sharply from SGD 685,820 in 2024 but below SGD 5,022,071 in 2023, reflecting the loss of large projects and a shareholder transition in 2024, followed by new client wins and expansion into Hong Kong in 2025.
The company focuses on customized ERP systems enhanced with AI and IoT and is developing subscription-based SaaS ERP products, now in pilot testing and expected to launch in the third fiscal quarter of fiscal 2026 to build recurring revenue. Its business is concentrated in Singapore, Hong Kong and Malaysia and depends heavily on a small number of major customers and vendors, creating meaningful concentration risk in both revenue and purchases.
Key risks highlighted include reliance on skilled engineering talent and AI capabilities, extensive privacy, cybersecurity and open-source licensing exposure, the absence of business insurance, foreign-exchange and Southeast Asian legal uncertainties, and a dual-class share structure that gives the chairman 60.89% of total voting power. The company discloses material weaknesses in internal control over financial reporting and is working with external consultants on remediation, targeting completion by December 2025 at an estimated total cost of about USD 100,000.