Texxon Holding Limited Annual General Meeting and Shareholder Proposals

Texxon Holding Limited is holding its annual general meeting of shareholders on May 22, 2026. The meeting will cover several proposals, including the re-election of five directors: Hui Xu, Bo Ren, Lei Qin, Kang Zhou, and Wei Li. Shareholders will also vote on the adoption of the Texxon Holding Limited 2026 Equity Incentive Plan, which aims to attract, retain, and motivate key personnel by offering equity-based incentives. Additionally, the appointment of ZH CPA, LLC as the independent auditor for the fiscal year ending June 30, 2026, will be ratified. The company is also proposing a share split, with a ratio between 1-to-1 and 1-to-5, to enhance liquidity and marketability, subject to the approval of amendments to the company's articles of association. Conversely, a share consolidation is also proposed, with a ratio between 1-to-1 and 20-to-1, also contingent on the approval of further articles of association amendments. The purpose of the consolidation is to adjust the number of outstanding shares. Finally, shareholders will vote on a proposal to adjourn the meeting if necessary to solicit additional proxies. The Board of Directors recommends voting "FOR" all proposals, with the exception of the Share Split and Share Consolidation proposals, for which specific recommendations are not detailed in this section.