Abits Group Inc. Holds 2024 Shareholder Meeting
Ticker: ABTS · Form: 6-K · Filed: Dec 12, 2024 · CIK: 1864055
Sentiment: neutral
Topics: shareholder-meeting, corporate-governance, annual-meeting
TL;DR
Abits Group Inc. shareholders met Dec 10th, 68% voting power represented.
AI Summary
Abits Group Inc. held its 2024 annual meeting of shareholders on December 10, 2024, in Hong Kong. A total of 44,653,789 ordinary and preferred shares were represented, constituting 68.12% of the combined voting power.
Why It Matters
The shareholder meeting is a routine corporate event where voting power is exercised, indicating active governance and shareholder participation in the company's direction.
Risk Assessment
Risk Level: low — This filing is a routine report of a shareholder meeting and does not contain significant new financial or operational information.
Key Numbers
- 44,653,789 — Shares Represented (Total ordinary and preferred shares present in person or by proxy at the 2024 annual meeting.)
- 68.12% — Voting Power (Percentage of the combined voting power of Abits Group Inc. represented at the 2024 annual meeting.)
Key Players & Entities
- Abits Group Inc. (company) — Registrant
- December 10, 2024 (date) — Date of Annual Meeting
- 44,653,789 (dollar_amount) — Number of shares represented at meeting
- 68.12% (dollar_amount) — Percentage of combined voting power represented
FAQ
When and where was the Abits Group Inc. 2024 annual meeting of shareholders held?
The meeting was held on December 10, 2024, at 11:00 A.M., Hong Kong Time, at Level 24, 33 Hysan Avenue, Causeway Bay, Hong Kong SAR, China.
What was the total number of shares represented at the meeting?
A total of 44,653,789 shares (ordinary and preferred) were represented in person or by proxy.
What percentage of the combined voting power was represented at the meeting?
68.12% of the combined voting power was represented at the meeting.
What is the filing type and period of report for this document?
This is a Form 6-K, Report of Foreign Private Issuer, for the month of December 2024, filed as of December 12, 2024.
What was the former name of Abits Group Inc. and when did the name change occur?
The former company name was Moxian (BVI) Inc., and the date of the name change was May 24, 2021.
Filing Stats: 474 words · 2 min read · ~2 pages · Grade level 13.3 · Accepted 2024-12-12 08:32:21
Filing Documents
- form6-k.htm (6-K) — 31KB
- ex99-1.htm (EX-99.1) — 11KB
- ex99-1_001.jpg (GRAPHIC) — 68KB
- 0001493152-24-049736.txt ( ) — 137KB
From the Filing
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2024 Commission File Number: 333-256665 ABITS GROUP INC Level 24, Lee Garden One, 33 Hysan Avenue Causeway Bay Hong Kong SAR, China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F Explanatory Note: The Registrant held its 2024 annual meeting of shareholders (the “Annual Meeting”) on December 10, 2024, at 11:00 A.M., Hong Kong Time, at Level 24, 33 Hysan Avenue, Causeway Bay, Hong Kong SAR, China. A total of 44,653,789 votes of the Registrant’s ordinary shares and preferred shares present in person or by proxy, representing 68.12% of the combined voting power of the ordinary shares and preferred shares entitled to vote at the Annual Meeting and constituting a quorum for the transaction of business. The following tables reflect the final tabulation of the votes with respect to each proposal submitted to a vote of the Registrant’s shareholders at the Annual Meeting. Abstentions were counted as present for the purpose of establishing a quorum, but were not treated as votes cast on each respective proposal. Each ordinary share is entitled to one vote, and each preferred share is entitled to six votes. The number of votes cast by preferred shares represented 5,000,000 preferred shares multiplied by six votes per share. PROPOSAL 1: Election of Directors Nominee For Against Abstain Conglin (Forrest) Deng 44,648,785 4,385 618 Lionel Choong Khuat Leok 44,648,803 4,385 600 Tao Xu 44,648,889 4,281 618 Chuan Zhan 44,648,907 4,281 600 Yanyan Sun 44,648,817 4,371 600 PROPOSAL 2: Ratification of Appointment of Independent Auditor Total Votes For Against Abstain Ordinary shares and preferred shares 44,650,439 3,131 218 PROPOSAL 3: Reverse Share Split at A Ratio between One-for-Six and One-for-Fifteen, with the Exact Ratio to Be Determined by the Board of Directors. Total Votes For Against Abstain Ordinary shares and preferred shares 44,646,703 6,784 302 PROPOSAL 4: Such other business as may properly come before the meeting or any adjournment thereof. Total Votes For Against Abstain Ordinary shares and preferred shares 44,645,097 8,374 318 On December 12, 2024, the Registrant issued a press release announcing the results of its 2024 Annual Meeting of Shareholders. A copy of the press release is furnished as Exhibit 99.1 hereto. Exhibit Index Exhibit Description 99.1 Press release dated December 12, 2024 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ABITS GROUP INC Date: December 12, 2024 By: /s/ Deng Conglin Name: Deng Conglin Title : Chief Executive Officer