Independent
Tenure on this board
0.2 yrs
4 nominees · 3 ballot items.
Three proposals: (1) Elect four directors; (2) Ratify appointment of CHI-LLTC as independent auditors for fiscal 2025; and (3) Approve the Company’s business strategies including S-3 capital raising, digital-asset management, a $300M share repurchase plan, and major investment/expansion initiatives.
Elect four directors (Wenbo Li, Guang Cui, Gwanggeun Jo, Hsiu Wu) to serve until the next annual meeting or until their successors are duly elected and qualified.
Ratify the appointment of CHI-LLTC as the Company’s independent registered public accounting firm for the fiscal year ended December 31, 2025.
Approve the Company’s overall business strategies and authorize the Board to implement them, including capital raising under Form S-3, use/management of digital assets, a $300 million share repurchase plan, and major investment and expansion initiatives across AI, energy, blockchain, and financial services.
This management proposal asks shareholders to grant the Board broad authority to implement a set of strategic initiatives intended to support long-term growth and capital flexibility. Specifically, it seeks approval to (a) conduct capital raises using Form S-3 takedowns that may, under specified conditions, issue more than 20% of outstanding shares in a single takedown (with a floor that each issuance be at least 80% of market price and no change of control), (b) adopt an expansive digital-asset policy permitting sale, use, lending, and payments using Bitcoin and other cryptocurrencies, (c) repurchase up to US$300 million of common stock over five years, and (d) pursue a broad range of major investments and business expansions (AI-driven energy, RWA platforms, crypto funds, exchanges, wallets, financial services, and related R&D). Management is seeking shareholder approval to provide the Board with explicit authorization to execute these actions without needing separate pre-approval for each action (except where law or NASDAQ requires separate shareholder approval), thereby increasing operational agility. The proposal raises governance and capital-structure implications: S-3 takedowns and potential large equity issuance could be dilutive and depend on the market-price floor; the $300 million repurchase authorization is economically significant relative to company size and could materially affect liquidity and capital allocation. The digital-asset authority centralizes discretion with the Board to manage and deploy volatile crypto assets and to enter crypto-related lending and services, which introduces regulatory, custody, and market risk considerations. On balance, the Board frames the package as a coordinated strategy to strengthen the Company’s balance sheet, fund AI and other growth initiatives, and scale into adjacent digital-asset and financial-services markets; it recommends a vote FOR on the grounds that the authorized flexibility will support execution of the Company’s growth plan while retaining the need for shareholder approval where legally required. Investors should weigh the potential benefits of flexible capital and strategic expansion against dilution risk, the operational and regulatory complexities of digital-asset activities, and the governance consequence of granting broad implementation authority to the Board.
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | Scientech Research LLC | 0.08% | 58,340 | $120K |
| 2 | JANE STREET GROUP, LLC | 0.06% | 42,126 | $86K |
| 3 | Virtu Financial LLC | 0.05% | 35,716 | $73K |
| 4 | Vinva Investment Management Ltd | 0.03% | 19,354 | $2M |
| 5 | XTX Topco Ltd | 0.02% | 17,875 | $37K |
| 6 | JANE STREET GROUP, LLC | 0.02% | 16,694 | $34K |
| 7 | CITIGROUP INC | 0.01% | 10,818 | $22K |
| 8 | Empowered Funds, LLC | 0.01% | 10,139 | $21K |
| 9 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | 0.01% | 10,139 | $21K |
| 10 | UBS Group AG | 0.00% | 16 | $33 |
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