#United States #San Diego #AI Technology #CreateAI Holdings #TuSimple Holdings

CreateAI Holdings Inc. Annual Meeting Highlights

On December 20, 2024, CreateAI Holdings Inc., a prominent player in the artificial intelligence sector, convened its annual meeting for stockholders. This significant event provided an opportunity for shareholders to voice their opinions and influence the future direction of the company. The notable highlights of the meeting and the outcomes of the votes are detailed below.

Attendance and Vote Counts

As of the record date of October 28, 2024, CreateAI had 232,618,399 shares of common stock outstanding, which was divided into:

• - 208,618,399 shares of Class A Common Stock (each with one vote)
• - 24,000,000 shares of Class B Common Stock (each with ten votes)

At the meeting, holders representing 207,347,538 shares were present either in person or via proxy, resulting in a quorum for decision-making.

Board of Directors Election

One of the primary agenda items was the election of six nominees to serve on the Board of Directors. The following individuals were successfully elected:

• - Cheng Lu: Received 208,949,915 votes in favor
• - Mo Chen: Received 208,946,146 votes in favor
• - James Lu: Received 209,109,928 votes in favor
• - Zhen Tao: Received 209,158,316 votes in favor
• - Albert Schultz: Elected with 348,895,019 votes (including Class B shares)
• - Jianan Hao: Received 209,021,652 votes in favor

The Class B shares overwhelmingly supported Albert Schultz’s election, with all votes cast in his favor.

Proposal for Board Classification

Another crucial topic was the proposal to amend the company’s Restated Certificate of Incorporation. This amendment sought to classify the Board into three classes with staggered three-year terms. Unfortunately, this proposal did not pass. The vote count was as follows:

• - For: 208,955,668 votes
• - Against: 164,659,652 votes
• - Abstain: 99,614 votes

As the amendment did not receive majority approval, the newly elected directors will retain a term that expires at the next annual meeting in 2025.

Ratification of Accounting Firm Appointment

The final item on the agenda was the ratification of UHY LLP as the company’s independent registered public accounting firm for the upcoming fiscal year. This was given the green light with a vote count of:

• - For: 255,504,371 votes
• - Against: 155,923,768 votes
• - Abstain: 11,919,399 votes

This comprehensive approval marks a step forward in ensuring that CreateAI maintains a robust financial oversight.

Legal Matters and Court Actions

The meeting also highlighted ongoing legal matters concerning the voting power of the White Marble Entities, which were embroiled in a court action regarding control over certain shareholdings. This case has added a layer of complexity to the company’s governance landscape.

About CreateAI Holdings Inc.

CreateAI, formerly known as TuSimple, is at the forefront of artificial intelligence development, with expertise spanning across the United States, China, and Japan. The company is dedicated to innovating the digital content landscape through state-of-the-art generative AI technology, pushing the boundaries of digital storytelling and engagement for audiences globally.

With the outcomes of this annual meeting, CreateAI is poised to embark on a new chapter, fueled by strategic decisions made by its shareholders and board. The company continues to lead the charge in the AI industry, promising exciting developments on the horizon.