eLong Power answers shareholder questions ahead of Aug. 27 EGM
ELPW•eLong Power sets Aug. 27, 2026 EGM on share capital actions
- eLong Power set an Aug. 27, 2026 EGM to vote on multiple share capital actions, including ratifying a 45-for-1 consolidation.
- Q&A highlights record date July 23, 2026; 23,028,289 Class A shares and 114,515 Class B shares outstanding; Class B carries 200 votes per share.
- Quorum requires holders of at least one-third of total votes, present in person or by proxy.
- Voting options include in-person or proxy via internet, mail, or email; uninstructed proxies vote in line with board recommendations.
- Q&A flags a conditional “further” consolidation tied to Nasdaq’s US$1 minimum bid rule, using 10-to-1, 20-to-1, 50-to-1, or 80-to-1 triggers.
