Energys set an Aug. 12, 2026 extraordinary meeting to vote on a major increase in authorized share capital.
- Proposal 1 seeks to lift authorized capital to USD 500,300 from USD 300,300 via 4,465,000,000 new Class A shares, 235,000,000 new Class B.
- Proposal 2 would amend the memorandum to reflect 4,750,000,000 authorized Class A shares, 250,000,000 Class B, 3,000,000 preference shares.
- Voting power: 1 vote per Class A share, 50 votes per Class B share, 50 votes per Series A preferred share.
- Record-date outstanding: 44,526,538 Class A shares, 9,650,000 Class B shares, 1,279,250 Series A preferred shares eligible to vote.
- Quorum requires holders of one-third in nominal value; at least 18,485,263 ordinary and Series A preferred shares.
- Board recommends votes for both proposals; Michael Lau controls about 91.4% of votes, intends to back both measures.
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