#Singapore #Marine Technology #High-Trend #Share Capital

High-Trend International Group's Extraordinary General Meeting Insights

On July 16, 2025, High-Trend International Group (NASDAQ: HTCO), an innovative player in global ocean technology, convened its Extraordinary General Meeting of Shareholders to discuss pivotal changes to its share capital structure. This crucial meeting marks a significant step towards evolving the company’s financial landscape and reinforcing its position in the competitive ocean technology market.

Key Resolutions Passed

During the meeting, shareholders cast their votes on three major proposals aimed at streamlining the company's share structure. The most notable resolution involved consolidating shares, with 25 ordinary shares of both class A and class B being combined into one new consolidated share of the respective classes. This consolidation redirected the company’s authorized share capital, modifying it from US$50,000 divided into numerous shares into a more manageable structure that reflects current market needs:

• - The class A ordinary shares will now comprise a total of 19,900,000 shares, each valued at approximately US$0.0025, while class B ordinary shares will account for 100,000 shares under the same nominal value.

Additionally, stakeholders simultaneously approved an increase in the authorized share capital by creating an additional 470 million class A shares and 10 million class B shares. This strategic move is designed to enhance flexibility and facilitate future fundraising opportunities critical for ongoing growth initiatives within the marine technology sector.

Additional Amendments to Governance Documents

Another crucial decision taken at this meeting was the amendment of the company’s memorandum and articles of association. The transition to the third amended and restated document is aimed at aligning with the updated share structure and ensuring that operational governance reflects current business strategies and regulatory compliance.

While the Share Consolidation hasn't been finalized yet, High-Trend intends to proceed with the necessary procedures as required by Nasdaq to effectuate these changes. This marks a vital period of transformation for High-Trend, as it seeks to bolster its market presence while meeting the ever-evolving needs of the maritime industry.

About High-Trend International Group

High-Trend International Group stands at the forefront of the ocean technology domain, focusing on international shipping and the imperative of marine carbon neutrality. The company's mission centers on bridging the gap between the maritime industry's decarbonization requisites and the sustainable pathways available through carbon financing.

As demand for maritime sustainability increases, High-Trend remains committed to capitalizing on technological innovations to introduce effective solutions that align with the growing global emphasis on environmental stewardship. The measures approved in the recent extraordinary meeting are just a glimpse into High-Trend's forward-looking strategies positioned to capture emerging market opportunities.

Conclusion

High-Trend International Group’s extraordinary meeting signifies a watershed moment in refining its share capital structure and governance documents. With these proactive measures, the company is not only responding to immediate market dynamics but is also preparing itself for extensive growth within the marine technology sector. Looking ahead, stakeholders can expect High-Trend to continue to advance its commitment to sustainability while fortifying its competitive edge in the global market.