Adventure Box Technology (799) 2025 Extraordinary General Meeting Transcript

Summary of Adventure Box Technology Extraordinary General Meeting Company Overview - Company: Adventure Box Technology - Meeting Date: July 30, 2025 - Purpose: Election of a new board of directors Key Points Discussed Board Election and Management Changes - The meeting focused on electing a new board of directors to guide the company forward [1][17] - Concerns were raised about the potential direction of the company under new ownership, with a shareholder expressing fears of a shift in business focus [6][8] - The new board will have the authority to appoint a new CEO, which is deemed essential for the company's future strategy [8][46] Investor Confidence and Future Strategy - A consortium of investors is committed to maintaining the company's operations and ensuring its continuity [8] - The previous management faced challenges in raising capital, which hindered growth and strategic initiatives [57] - The company is exploring various strategies, including the potential acquisition of Lion Gaming, to create new growth avenues [56][57] Financial and Operational Concerns - The company is facing a delisting from the stock market, with discussions ongoing about how to address this issue [58][70] - There is currently no liquidity guarantee in place, and the company will need to appoint a new certified adviser to navigate financial challenges [62][66] - The completion of the annual report is a priority for the new board, which has not been finalized yet [47][66] Future Announcements and Transparency - The new board is expected to provide clearer communication and transparency regarding the company's direction and strategies [71][73] - Shareholders can expect announcements regarding the company's status and plans in the near future, especially concerning the August 5 deadline [59][71] Board Member Introductions - New board members introduced themselves, highlighting their entrepreneurial backgrounds and experience in managing companies [22][25][33] Additional Important Points - The meeting emphasized the need for a structured approach to appointing a new CEO and CFO, with a focus on stabilizing the company [66][74] - The interim chairman expressed gratitude for the shareholders' patience and confidence in the new board's ability to steer the company positively [77] This summary encapsulates the critical discussions and decisions made during the extraordinary general meeting of Adventure Box Technology, reflecting the company's current challenges and future direction.