Launch Tech shareholders approve capital reduction, articles amendments

Launch Tech Company Limited's Special General Meeting (SGM) saw strong shareholder approval for key resolutions, including amendments to the articles of association and a reduction of registered capital. The SGM, held in Shenzhen, confirmed that over two-thirds of the votes cast were in favor of each special resolution.

Specifically, the resolution concerning amendments to the articles of association received 265,052,206 votes (97.641815%) "For" and 6,401,378 votes (2.358185%) "Against," out of a total of 271,453,584 votes cast. The resolution regarding the reduction of registered capital garnered unanimous approval, with 271,453,584 votes (100.000000%) "For" and no "Against" votes.

As of the SGM date, the company's issued share capital stood at RMB410,155,600, with an equivalent number of shares entitling shareholders to vote. The meeting was chaired by Liu Xin, an executive director and chairman of the board, with Computershare Hong Kong Investor Services Limited serving as the scrutineer.