OFA Group 2026 Equity Incentive Plan Adoption and Shareholder Meeting Matters

OFA Group held its 2026 Extraordinary General Meeting of Shareholders on May 21, 2026. The shareholders approved the OFA Group 2026 Equity Incentive Plan, which was previously adopted by the Board of Directors on May 8, 2026. The plan aims to attract, retain, and motivate key personnel by offering opportunities to acquire company shares, thereby aligning their interests with those of other shareholders. The meeting also included votes on a proposed share consolidation ratio of 1 for 10 for Class A ordinary shares and amendments to the company's memorandum and articles of association to reflect this consolidation. All three proposals, including the approval of the equity incentive plan, the share consolidation authorization, and the associated amendments to the governing documents, received majority shareholder approval. The filing also details the voting results for each proposal, indicating substantial support from shareholders. The adoption of the 2026 Equity Incentive Plan is a significant development for the company's long-term incentive strategy.