WeBuy Global Ltd, a Cayman Islands exempted company, has announced its upcoming annual general meeting (AGM) to be held on December 18, 2024. The notice, dated November 19, 2024, outlines several key proposals for shareholder voting. The first proposal is for the re-appointment of five directors to the company's board until the next AGM or until their positions are vacated. The second proposal seeks approval for the appointment of OneStop Assurance PAC as the company's independent registered public accounting firm for the fiscal year ending June 30, 2025. The third proposal is a share consolidation of the company's issued and unissued class A and class B ordinary shares at a ratio between one-for-ten and one-for-forty, with the exact...Show More

WeBuy Global Ltd, a Cayman Islands exempted company, has announced its upcoming annual general meeting (AGM) to be held on December 18, 2024. The notice, dated November 19, 2024, outlines several key proposals for shareholder voting. The first proposal is for the re-appointment of five directors to the company's board until the next AGM or until their positions are vacated. The second proposal seeks approval for the appointment of OneStop Assurance PAC as the company's independent registered public accounting firm for the fiscal year ending June 30, 2025. The third proposal is a share consolidation of the company's issued and unissued class A and class B ordinary shares at a ratio between one-for-ten and one-for-forty, with the exact ratio and date to be determined by the board within one year of the resolution's passing. This measure aims to comply with Nasdaq's minimum bid price requirement. The fourth proposal allows for the adjournment of the AGM to a later date if necessary to permit further solicitation and vote of proxies if there are insufficient votes for the approval of the other proposals. The AGM will also address the company's performance as detailed in the 2023 Annual Report available on the SEC's website.