#Singapore #ocean technology #High-Trend International #Share Capital Restructure

High-Trend International Group's Extraordinary General Meeting for Share Capital Restructuring

On July 16, 2025, the High-Trend International Group (NASDAQ: HTCO), an established player in the global ocean technology sector, convened an extraordinary general meeting of its shareholders. This pivotal meeting was essential to address significant changes in the company's share capital structure, aimed at fostering growth and sustainability within the marine industry.

During the extraordinary meeting, shareholders approved several key proposals that would reshape the company's capital structure. These included a consolidation of shares and an increase in authorized share capital, marking a strategic move towards enhancing the company's operational capacity and financial agility in a competitive market.

Share Consolidation Overview

One of the most critical decisions made at the meeting was the approval of a share consolidation plan. This involved the decision to consolidate every 25 issued and unissued class A ordinary shares and class B ordinary shares into a single consolidated share. As a result, each class A and class B ordinary share would change its nominal value from US$0.0001 to US$0.0025. This restructuring reflects a strategic approach to streamline the number of outstanding shares while retaining the rights and privileges associated with them, ensuring that shareholders maintain their interests proportionately.

Increased Authorized Share Capital

In addition to the share consolidation, the meeting also resulted in a proposal to increase the authorized share capital. Shareholders voted to create an additional 470 million class A ordinary shares and 10 million class B ordinary shares, all with a par value of US$0.0025. This decision is designed to facilitate future capital-raising efforts, allowing the company to respond swiftly to market opportunities and invest in sustainable technological endeavors in the maritime sector.

Amendments to Corporate Governance Documents

The extraordinary meeting also covered amendments to the company's governing documents. Shareholders approved changes to the third amended and restated memorandum and articles of association, which serves to modernize and align the corporate governance framework with current operational requirements and strategic plans. This step is crucial as High-Trend International Group positions itself at the forefront of technological innovations in the ocean industry.

High-Trend's Commitment to Ocean Sustainability

High-Trend International Group is dedicated to bridging the gap between the maritime industry's decarbonization needs and the burgeoning carbon finance market. With its innovative technology ecosystem, the company aims to establish a new paradigm for sustainability within maritime operations. This extraordinary meeting and the decisions made therein underscore the company's commitment to adapting and evolving in response to environmental challenges, ensuring its long-term viability and leadership in ocean technology.

Forward-Looking Statements

While the recent decisions during the extraordinary general meeting set a positive trajectory for the company's future, it is vital to approach these developments with an understanding that they involve various risks and uncertainties. Forward-looking statements made during the meeting are subject to potential variances due to market conditions, operational adjustments, and regulatory changes. Stakeholders are encouraged to stay informed through the company's regular filings with the U.S. Securities and Exchange Commission, particularly the Annual Report on Form 20-F.

The successful execution of these initiatives highlights High-Trend International Group's proactive strategy aiming to enhance its business operations. As the company moves forward with its ambitious plans for growth and environmental accountability, it remains a pivotal player in shaping the future of maritime technology and sustainability.