Core Insights - Caravelle International Group is committed to enhancing corporate governance and transparency while pursuing strategic initiatives for business expansion [1][2][7] - The company is focusing on sustainability and digital transformation, particularly through the development of an Onboard Carbon Capture (OCC) system and partnerships with Web3-based carbon asset management platforms [4][5] Corporate Governance - Significant progress has been made in strengthening corporate governance, including changes to the board of directors and executive management team [2] - The company aims to improve information disclosure practices and regulatory compliance, with updates provided during the Annual General Meeting [2] Management Team - The new management team has a diversified background and extensive experience in collaborating with major global enterprises, which is expected to enhance the company's sustainable technology development [3] Strategic Initiatives - Caravelle is integrating resources from renowned enterprises to explore new business ventures, including the development of a global shipping OCC decarbonization system [4] - The company is actively seeking investment opportunities to leverage global resources for growth [4] Commitment to Sustainability - The focus on developing an OCC system and investing in Web3-based carbon asset management platforms reflects Caravelle's dedication to sustainability and positioning itself as a leader in the maritime industry's transition to environmentally friendly practices [5] Financial Reporting - As a foreign private issuer on Nasdaq, Caravelle reports financial results semi-annually and plans to file its Annual Report for fiscal year 2024 by February 28, 2025 [6] - The company is working towards providing key business and financial metrics in a timely manner to enhance transparency [6] Future Outlook - The recent steps taken by Caravelle signal a strong commitment to improved corporate governance, sustainability, innovation, and growth, aimed at supporting long-term revenue and profit growth [7]
Caravelle International Group Issues CEO Letter to Employees and Shareholders