Keboda Technology shareholders approve convertible bond issue, governance changes

Keboda Technology Company Limited announced that its fifth extraordinary general meeting of shareholders in 2025, held on November 14, 2025, passed all proposed resolutions. A total of 109 shareholders and their proxies attended, representing 327,093,885 shares, or 80.9925% of the company's total voting shares. All resolutions, including those requiring a special majority, were approved.

Key approvals include the company's eligibility to issue convertible bonds to unspecified targets, with 99.9948% of votes in favor. The specific convertible bond issuance plan, covering aspects like security type, issuance size, face value, interest rates, and repayment terms, also received strong support, with 99.9960% of votes in favor for most sub-items.

Furthermore, shareholders approved revisions to the company's Articles of Association, Shareholder Meeting Rules, and Board of Directors Meeting Rules, each with 99.9949% of votes in favor. The resolution to cancel the Supervisory Board and repeal its operating rules also passed. The meeting's procedures and results were deemed legally valid by the attending lawyers.