Mobile-Health Network Solutions Extraordinary General Meeting and Share Consolidation

Mobile-Health Network Solutions is holding an Extraordinary General Meeting (EGM) on June 8, 2026, to vote on several key proposals. The primary proposal, an ordinary resolution, concerns a share consolidation aimed at increasing the bid price of the company's Class A Ordinary Shares to comply with Nasdaq listing rules. This consolidation will involve a ratio of 6:1 for both issued and authorized shares. Additionally, shareholders will vote on a special resolution to create a new class of ordinary shares, Class C, with 90 votes per share, intended to provide enhanced governance rights to certain long-term shareholders without altering economic rights. Another ordinary resolution seeks to increase the company's authorized share capital significantly to accommodate the new share structure. Finally, a special resolution proposes adopting a new amended and restated memorandum and articles of association to reflect these changes. The meeting will be held virtually, and shareholders are urged to vote by proxy. The company emphasizes that the share consolidation is crucial for maintaining its Nasdaq listing and avoiding delisting.