Webuy Global Ltd.
Webuy Global Ltd.
12/19/2024 | Press release | Archived content
Webuy Global Ltd. Announces Board Approval for Reverse Share Split at Annual General Meeting
UNITED STATES
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: 001-41840
WEBUY GLOBAL LTD
35 Tampines Street 92 Singapore 528880
+65 8859 9762
(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 ☐
Annual General Shareholders Meeting
On December 18, 2024, at 11:00 A.M., Singapore time (December 17, 2024 at 10:00 P.M., Eastern Time), WEBUY GLOBAL LTD (the "Company") held an annual general shareholder meeting (the "AGM") at its executive office 35 Tampines Street 92 Singapore 528880. Holders 1,340,079 Class A ordinary shares and 21,395,400 Class B ordinary shares of the Company were present in person or by proxy at the AGM, representing approximately 91.37% of the total 41,898,715 Class A ordinary shares and 21,395,400 Class B ordinary shares as of the record date of October 31, 2024 and therefore constituting a quorum of the ordinary shares outstanding and entitled to vote at the AGM as of the record date. All matters voted on at the AGM were approved as recommended by the Board of Directors of the Company and were approved at the AGM. The final voting results for each matter submitted to a vote of shareholders at the meeting are as follows:
| For | Against | Abstain | ||||||||||
| Proposal 1: By an ordinary resolution, to re-appoint the following five directors to serve on the Company's board of directors until the next annual general meeting of shareholders: | ||||||||||||
| Bin Xue | 428,931,234 | 294,337 | 22,508 | |||||||||
| Michelle Ting Ting Tan | 428,924,980 | 300,591 | 22,508 | |||||||||
| William Tat-Nin Chang | 428,905,209 | 320,249 | 22,620 | |||||||||
| Fangqin Lin | 428,905,809 | 319,761 | 22,508 | |||||||||
| Lizhi Qiao | 428,907,079 | 318,527 | 22,473 | |||||||||
| Proposal 2: By an ordinary resolution, to approve the appointment of OneStop Assurance PAC as the Company's independent registered public accounting firm for the fiscal year ending in December 31, 2024. | 429,002,058 | 224,610 | 21,411 | |||||||||
| Proposal 3: By an ordinary resolution, to approve a share consolidation of the Company's issued and unissued ordinary shares be approved at a ratio of not less than one (1)-for-ten (10) and not more than one (1)-for-forty (40). | 428,556,170 | 682,455 | 9,454 | |||||||||
| Proposal 4: By an ordinary resolution, to adjourn the Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of proposal one, proposal two, and proposal three. | 428,807,995 | 429,599 | 10,485 | |||||||||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| WEBUY GLOBAL LTD | ||
| Date: December 19, 2024 | By: | /s/ Bin Xue |
| Name: | Bin Xue | |
| Title: | Chief Executive Officer | |
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