Summary by Moomoo AI
Lancang Ancient Tea held its annual shareholder meeting for 2023 on June 6, 2024, chaired by Ms. Du Chunyi, Chairperson of the Board of Directors. The meeting passed various resolutions, including ordinary and special resolutions on reports of the board of directors, board of supervisors, annual report, financial statements and budget report. In addition, the shareholders' meeting also passed a resolution on the election of members of the third board of directors and board of supervisors, and approved the plan for the issuance of capital shares and final dividend payment. Under the plan, the company will issue five capital shares for every ten shares by capitalizing the capital reserve, and pay a final cash dividend of RMB 0.37 per share to shareholders on June 17, 2024. The meeting also passed a resolution to amend the company's articles of association, which will take effect after the capitalization issuance is completed. The voting results of the shareholders' meeting showed that shareholders holding approximately 79.34% of the voting rights shares attended the meeting and gave high support for all resolutions.