Not independent
Tenure on this board
5.6 yrs
4 nominees · 3 ballot items.
Shareholders will vote on the election of four directors, ratification of Wei, Wei & Co., LLP as independent registered public accounting firm for fiscal 2026, and authorization to adjourn the Annual Meeting if necessary to solicit additional proxies.
Elect Matthew Chen, Shan Cui, Pai Liu and Wen He to serve as directors until the next annual meeting or until their successors are elected and qualified.
Ratify the appointment of Wei, Wei & Co., LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.
Approve adjournment of the Annual Meeting to a later date or dates, if necessary, to permit further proxy solicitation and voting when there are insufficient votes to approve another proposal.
The Adjournment Proposal asks shareholders to authorize the chairman of the Annual Meeting to postpone the meeting when the preliminary vote count shows that other proposals lack sufficient support. Its stated purpose is to permit the Company to solicit additional proxies and conduct a further vote. The proposal is contingent rather than automatically operative, because it will be presented only if the tabulated votes are insufficient to approve another proposal. If shareholders reject it, the chairman will not adjourn the meeting on that basis when the other proposals lack enough votes. The mechanism is intended to preserve the opportunity to obtain additional shareholder participation before finalizing matters requiring approval. It could affect the timing of the director election and auditor ratification, although it does not itself approve either substantive matter. The proposal is a management-sponsored procedural request and is not related to a transaction, compensation arrangement, or shareholder initiative. The Board unanimously recommends voting FOR it, emphasizing further proxy solicitation as the rationale. The required vote is approval by a majority of the shares present in person or by proxy and voting on the matter.
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | MIZUHO SECURITIES USA LLC | 24.17% | 850,500 | $9M |
| 2 | BERKLEY W R CORP | 12.78% | 449,489 | $5M |
| 3 | HEIGHTS CAPITAL MANAGEMENT, INC | 8.43% | 296,443 | $3M |
| 4 | RLH Capital LLC | 4.55% | 160,000 | $2M |
| 5 | Polar Asset Management Partners Inc. | 3.55% | 125,000 | $1M |
| 6 | AQR Arbitrage LLC | 3.44% | 120,931 | $1M |
| 7 | Crossingbridge Advisors, LLC | 2.66% | 93,552 | $1M |
| 8 | Quarry LP | 2.27% | 80,000 | $887K |
| 9 | Clear Street Group Inc. | 1.65% | 58,130 | $652K |
| 10 | Westchester Capital Management, LLC | 1.36% | 47,880 | $527K |
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