Decent holding inc. announces the approval of dual-class share structure and governance enhancements

Yantai, china, june 03, 2025 (globe newswire) -- decent holding inc. (nasdaq: dxst) (“decent” or the “company”), an established wastewater treatment services provider in china, today announced the successful adoption of a special resolution to reclassify its authorized share capital and implement updated governance provisions, effective immediately. under the resolution, the company has adopted change in the authorized share capital of us$50,000 divided into 500,000,000 shares of a par value of us$0.0001 each ("ordinary shares") by: (i) re-classifying all 16,250,000 ordinary shares issued and outstanding including 8,026,000 ordinary shares issued and outstanding held by decent limited into class a ordinary shares with a par value of us$0.0001 each, each having one (1) vote per share and with other rights attached to it in the second amended and restated memorandum and articles of association (the "class a ordinary shares") on a one for one basis; (ii) re-designating 5,000,000 ordinary shares issued and outstanding held by decent limited into 5,000,000 class b ordinary shares with a par value of us$0.0001 each, each having twenty (20) votes per share and with other rights attached to it in the second amended and restated memorandum and articles of association (the "class b ordinary shares") on a one for one basis; and (iii) re-designating the 483,750,000 remaining authorized but unissued ordinary shares into class a ordinary shares on a one for one basis.
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