HONG KONG,
Jan. 4, 2025 /PRNewswire/ —
Caravelle International Group (NASDAQ: HTCO) (the “Firm”), a worldwide ocean know-how compan
y, announced that the Firm’s annual shareholder assembly was held on
January 3, 2025.
On the Annual Meeting, the shareholders voted to approve (1) the proposed change of the identify of the Firm from “Caravelle International Group” to “Excessive-Pattern International Group,” (2) the proposed re-designation and re-classification of 497,500,000 peculiar shares of a par worth of US$0.0001 every within the capital of the Firm (together with the entire issued and excellent shares) as 497,500,000 Class A Odd Shares, and a proposed re-designation and re-classification of two,500,000 unissued peculiar shares of a par worth of US$0.0001 every within the capital of the Firm as 2,500,000 Class B Odd Shares, in order that the licensed share capital of the Firm is US$50,000 divided into 497,500,000 Class A Odd Shares of a par worth of US$0.0001 every and a pair of,500,000 Class B Odd Shares of a par worth of US$0.0001 every, every with the rights, privileges, preferences and restrictions set out within the Amended M&A (as outlined beneath), (3) the proposed second amended and restated memorandum and articles of affiliation of the Firm (the “Amended M&A”), and (4) the proposed elimination of Mr. Guohua Zhang as a director of the Firm.
Jinyu Chang, Chairman of
Caravelle International Group addressed, this annual basic assembly marks an necessary milestone within the firm’s improvement, signifying our entry into a brand new part of high-quality progress. The model improve, optimization of fairness construction, and higher make the most of
Excessive-Pattern Group’s market affect within the inexperienced sector and its strategic accomplice community. Wanting forward, we’ll proceed to drive innovation, constantly enhance transport effectivity, and actively promote the appliance of inexperienced and low-carbon applied sciences, creating higher worth for our clients, shareholders, and companions.
The Firm additionally introduced to its shareholders the Firm’s monetary info for the fiscal 12 months ended October 31, 2023 and afforded the shareholders the chance to debate Firm affairs with administration.
About Caravelle International Group
Caravelle is a worldwide ocean know-how firm with companies in worldwide transport and marine carbon neutrality. The corporate is dedicated to enhancing transport effectivity by means of revolutionary applied sciences and selling sustainable improvement within the business.
Ahead Wanting Statements
This announcement incorporates “forward-looking” statements throughout the which means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Change Act of 1934. These statements are made underneath the “protected harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. All statements, apart from statements of historic reality, together with, with out limitation, these with respect to the goals, plans and methods of the Firm set forth herein and people preceded by or that embody the phrases “consider,” “count on,” “anticipate,” “future,” “will,” “intend,” “plan,” “estimate” or related expressions, are “forward-looking statements”. Such statements embody, however are usually not restricted to dangers detailed within the Firm’s filings with the U.S. Securities and Change Fee, together with its Annual Report on Kind 20-F for the fiscal 12 months ended October 31, 2023. These forward-looking statements contain a lot of dangers and uncertainties, which might trigger the Firm’s future outcomes to vary materially from these anticipated. Ought to a number of of those dangers or uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes could range materially from these indicated or anticipated by such forward-looking statements. All info offered on this press launch is as of the date of the publication, and the Firm doesn’t undertake any obligation to replace any forward-looking assertion, besides as required underneath relevant legislation.
