All Resolutions Passed at DirectBooking Technology Extraordinary General Meeting, Clearing Path for Enhanced Share Capital Structure

Core Viewpoint - DirectBooking Technology Co., Ltd. has received shareholder approval for significant changes including an increase in share capital, conditional share subdivision and consolidation, enhanced voting rights for Class B shares, and updated governing documents [1]. Increase of Share Capital - The authorized share capital will increase from US$250,000 to US$40,000,000, allowing for a total of 5,000,000,000 ordinary shares, which includes 4,900,000,000 Class A shares and 100,000,000 Class B shares [2]. Conditional Subdivision of Share Capital - A general mandate has been granted to the Board to subdivide share capital if the closing bid price exceeds US$100, with a subdivision ratio between 1:2 and 1:100 [3]. Conditional Consolidation of Share Capital - The Board is authorized to consolidate share capital if the closing bid price falls below US$1.00, with a consolidation ratio between 2:1 and 1,000:1 [4]. Amendment of Rights of Shares - The voting rights for Class B Ordinary Shares will be amended from 50 votes to 100 votes per share, effectively doubling their voting power [5]. Adoption of Updated Governing Documents - The third amended and restated memorandum and articles of association will be adopted, reflecting changes including enhanced Class B voting rights and previous share capital adjustments [6]. Consent to Share Repurchase and Issuance - Shareholders consented to the repurchase of 395,834 Class A Ordinary Shares and the issuance of an equal number of Class B Ordinary Shares to Fortiwealth Advisory Co., Ltd., converting part of their holding into high-vote shares [7]. Company Overview - DirectBooking Technology Co., Ltd. is a holding company based in the Cayman Islands, operating through its Hong Kong subsidiary, Primega Construction Engineering Co. Limited, providing transportation services in the construction industry with a focus on environmentally friendly practices [9].