Summary by Futu AI
WeBuy Global Ltd, a foreign private issuer, reported the completion of its extraordinary general shareholder meeting (EGM) held on March 8, 2024. The meeting took place at the company's executive office in Singapore, with a significant 79.53% of the total outstanding ordinary shares represented. The EGM resulted in the approval of all proposed resolutions as recommended by the Board of Directors. The key resolution passed was the re-designation and re-classification of the company's share capital, which involved converting existing ordinary shares into Class A ordinary shares and specific ordinary shares held by Bin Xue, GBuy Global Ltd, and WeBuy Talent Ltd into Class B ordinary shares. Additionally, the EGM approved the adoption of the Second Amended and Restated Memorandum and Articles of Association, reflecting the changes in the authorized share capital and establishing a dual-class share structure. The meeting also passed a resolution to adjourn the EGM to a later date if necessary for further solicitation and voting on the proposals.