Summary by Moomoo AI
MicroCloud Hologram Inc. will hold its Annual General Meeting on September 27, 2024 to vote on several key proposals. The company seeks shareholder approval for a 20-for-1 share consolidation to boost its stock price and maintain Nasdaq listing compliance.Additionally, MicroCloud proposes increasing its authorized share capital and adopting a dual-class share structure. The new structure would designate Class A shares with 1 vote each and Class B shares with 20 votes each. Other proposals include amending director term limits and authorizing meeting adjournments if needed.The board recommends shareholders vote in favor of all proposals. These changes aim to enhance MicroCloud's capital structure flexibility and strengthen its governance framework as the company pursues future growth opportunities.
