DirectBooking Technology Co., Ltd. Obtains Shareholder Approval for All Four Resolutions at 2025 Annual General Meeting

Core Viewpoint - DirectBooking Technology Co., Ltd. successfully convened its 2025 Annual General Meeting of Shareholders, where all proposed resolutions were approved, laying a foundation for optimizing its capital structure and enhancing corporate governance [1][7]. Proposal Summaries Proposal 1: Approval of Share Capital Changes - Shareholders approved an increase in authorized share capital from US$50,000 to US$250,000, allowing for 5,000,000,000 ordinary shares [2]. - Existing ordinary shares were redesignated as class A ordinary shares, totaling 4,000,000,000 shares, while 1,000,000,000 new class B ordinary shares were created, each entitled to fifty votes [2]. Proposal 2: Adoption of Amended and Restated Memorandum and Articles - The Second Amended and Restated Memorandum and Articles of Association were adopted, replacing the existing documents upon the implementation of the Share Capital Changes [3]. Proposal 3: Approval of Share Consolidation - Shareholders approved a resolution for a share consolidation, where every 1,000 class A ordinary shares would be consolidated into one class A ordinary share, and the same for class B ordinary shares [4]. - Fractional shares resulting from the consolidation will not be issued but rounded up to the next whole number [5]. Proposal 4: Technical Amendments to the Articles - Technical amendments to the memorandum and articles of association were approved to reflect the Share Consolidation immediately following its effectuation [6]. Company Statement - The approval of all resolutions is seen as a crucial step for the company to advance its transformation plans and achieve long-term objectives of empowering traditional industries through technology [7].