Company Updates - The company held its annual shareholder meeting on January 3, 2025, where key decisions were made [1] - Shareholders approved the change of the company's name from "Caravelle International Group" to "High-Trend International Group" [2] - Shareholders approved the re-designation and re-classification of 497,500,000 ordinary shares into Class A Ordinary Shares and 2,500,000 unissued ordinary shares into Class B Ordinary Shares, with an authorized share capital of US$50,000 [2] - The second amended and restated memorandum and articles of association were approved [2] - Mr Guohua Zhang was removed as a director of the company [2] Strategic Vision - The annual meeting marked an important milestone in the company's development, signifying entry into a new phase of high-quality growth [3] - The company aims to leverage its brand upgrade and optimized equity structure to better utilize High-Trend Group's market influence in the green sector and its strategic partner network [3] - The company plans to drive innovation, improve shipping efficiency, and promote the application of green and low-carbon technologies [3] Financial and Operational Overview - The company presented its financial information for the fiscal year ended October 31, 2023, to shareholders [4] - Shareholders were given the opportunity to discuss company affairs with management [4] Company Background - Caravelle International Group is a global ocean technology company with businesses in international shipping and marine carbon neutrality [5] - The company is committed to improving shipping efficiency through innovative technologies and promoting sustainable development in the industry [5]
Caravelle International Group Holds Annual General Meeting