Cowell e Holdings shareholders approve key framework agreements

Cowell e Holdings Inc. shareholders have overwhelmingly approved two critical framework agreements, the 2026 Purchase Framework Agreement and the 2026 Materials Procurement Framework Agreement. These approvals also cover associated transactions and proposed annual caps for three financial years ending December 31, 2028. Both resolutions received 59,323,060 votes for, representing 100% of votes cast, with 0 votes against. This approval comes from 59,323,060 shares entitled to vote at the EGM, representing approximately 6.83% of the company's issued share capital.

Controlling shareholders, Ms. Wang Laichun and Mr. Wang Laisheng, abstained from voting due to material interests in both agreements. They have interests in Luxshare Precision and indirect control in LITCL, which holds approximately 69.98% of Cowell e Holdings' issued share capital through LITL. The total issued shares as of the EGM date were 868,070,800, with no treasury shares held by the company.

The company also provided supplemental information regarding executive emoluments for former chief executives. Mr. Lee Sun Yong, who served until June 2016, received total emoluments of $85,601 for the financial year 2016. Mr. Lee Kyung Koo, who served from April 2018 to March 2021, received total emoluments of $252,622 for 2018, $456,301 for 2019, $360,884 for 2020, and $36,222 for 2021.