On February 29, 2024, Longduoduo Company Limited (the “Company”) held its annual shareholder meeting. The total number of shares of Longduoduo’s commonstock voted in person or by proxy at the Meeting was 29,934,062, representing approximately 99.76% of the 30,005,016 shares outstanding and entitled to voteat the Meeting. The shareholders approved the following proposals:
Proposal1 - Election of Directors. The shareholders elected Xu Huibo, Zhou Hongxiao, Li Zhijie, Wu Binbin and ShanBo as directors to hold office until the next annual meeting of shareholders and until their successors are duly elected. A summary of votes cast follows below:
Nominee | Votes for | Votes Withheld | Broker Non-Votes |
Xu Huibo | 27,686,060 | 0 | 0 |
Zhou Hongxiao | 27,686,060 | 0 | 0 |
Li Zhijie | 27,686,060 | 0 | 0 |
Wu Binbin | 27,686,060 | 0 | 0 |
Shan Bo | 27,686,060 | 0 | 0 |
Proposal2 - To ratify the appointment of Michael T. Studer CPA P.C. independent registered public accounting firm of the Company for the fiscal year ending June 30, 2024. This proposal was approved with 29,934,062 shares voting for and 0 shares voting against it (with 0 abstaining votes).
Proposal3 - To approve, on an advisory basis, the compensation paid to the Company's senior executive officers. This proposal was approved with 27,686,060 shares voting for and 0 shares voting against it (with 0 abstaining votes).
In addition, the shareholders provided the Board of Directors the shareholders' advisory vote on the frequency of shareholder advisory votes on executive compensation, as follows:
0 votes for an advisory vote on compensation every year.
0 votes for an advisory vote on compensation every two years.
27,686,060 votes for an advisory vote on compensation every three years.
0 votes abstained.
After the conclusion of the annual meeting of shareholders, the Company's Board of Directors held its annual meeting. At that meeting, after considering the shareholder advisory vote onthe frequency of shareholder votes on executive compensation, the Board of Directors decided that, until the next required vote on the frequency of shareholder votes on compensation, the Company will include a shareholder vote on the compensation of executives in its proxy materials once every three years.
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