Core Viewpoint - NIP Group Inc. held an extraordinary general meeting of shareholders in Hong Kong on July 25, 2025, where several significant resolutions were passed to amend the company's authorized share capital and governance structure [1][2]. Summary by Relevant Sections Share Capital Increase - The company's authorized share capital will increase from US$50,000 to US$200,000, expanding the total number of shares from 500 million to 2 billion, including 1.38 billion new Class A Ordinary Shares, 73.93 million new Class B1 Ordinary Shares, and 40.09 million new Class B2 Ordinary Shares [1]. Automatic Conversion Threshold Change - The threshold for automatic conversion of Class B Ordinary Shares into Class A Ordinary Shares will be amended from 5% to 2%, allowing for automatic conversion if a holder's shareholding falls below this new threshold [1]. Board of Directors Amendments - The number of directors will be changed to a minimum of three with no maximum limit, and the definition of "Member Appointed Director" will be updated to allow one director appointed by each Class B Majority Holder [1]. Chief Executive Officer Appointment Changes - The shareholder approval requirement for revoking the CEO's appointment will be modified to an ordinary resolution and a majority of 80% of Class A Ordinary Shares, along with the unanimous consent of Class B1 or Class B2 shareholders [1]. New Memorandum and Articles of Association - The Current Memorandum and Articles of Association will be replaced with a Ninth Amended and Restated version to reflect the proposed amendments [1]. Company Overview - NIP Group is a global digital entertainment company involved in gaming and esports, with a diversified ecosystem that includes esports teams, content networks, and game publishing, engaging millions of fans worldwide [3].
NIP Group Inc. Announces Results of Extraordinary General Meeting