Nuobikan Artificial Intelligence Technology (Chengdu) Co., Ltd. Announces Results of Extraordinary General Meeting Held on March 9, 2026

Key Highlights for Investors

• All Resolutions Passed with Overwhelming Majority: All proposed resolutions, including the appointment of new auditors and directors and a significant share subdivision, were approved by nearly unanimous shareholder votes.
• Appointment of Ernst & Young as Auditor: Shareholders approved the appointment of Ernst & Young as the Company’s external auditor for 2025. The audit fee was set at RMB 1.45 million (tax inclusive), with the term commencing immediately and concluding at the 2025 Annual General Meeting.
• Appointment of New Independent Director: Mr. Wang Huan was appointed as an independent non-executive director, enhancing the Company’s Board structure and governance.
• Share Subdivision and Articles Amendment: A special resolution was passed for a share subdivision and relevant amendments to the Articles of Association. This corporate action is particularly important, as share subdivisions can impact liquidity and perceived affordability of the Company’s shares.

Detailed Poll Results

Important Details for Shareholders

• Issued Share Capital: As of the EGM date, the Company had 37,866,600 shares issued, including 7,432,022 Domestic Shares and 30,434,578 H Shares. All shares had equal rights to vote at the meeting, with no restrictions or special conditions attached.
• No Shareholder Opposition or Abstention in Advance: There were no shareholders that had expressed intention to vote against or abstain from the resolutions ahead of the EGM. No shareholders were required by the Listing Rules to abstain.
• Board Attendance and Scrutineer: All Directors attended the meeting either in person or via electronic means, ensuring full Board participation. Tricor Investor Services Limited was appointed as the independent scrutineer for vote-taking, ensuring the credibility and transparency of the poll results.

Potential Share Price Impact

• Share Subdivision: The approval of the share subdivision and corresponding amendments to the Articles of Association is the most potentially price-sensitive action. Share subdivisions often increase share liquidity and can make shares more accessible to a broader base of investors, potentially impacting the market price and trading volume.
• Governance Strengthening: The appointment of a Big Four auditor (Ernst & Young) and an additional independent director could increase investor confidence in the Company’s governance and financial transparency, which are key factors influencing share valuation.

Board Composition Update

Following these approvals, the Board of Nuobikan Artificial Intelligence Technology (Chengdu) Co., Ltd. comprises:

• Executive Directors: Mr. Liao Yu (Chairman), Mr. Tang Taike, Mr. Liu Bo, Ms. Wang Li
• Non-Executive Directors: Mr. Ruan Jianping, Mr. Hua Zhangrong
• Independent Non-Executive Directors: Ms. Cao Xiaoxue, Mr. Sang Yongsheng, Mr. Bau Siu Fung, Mr. Wang Huan

Conclusion

The successful passage of all EGM resolutions—especially the share subdivision and the engagement of Ernst & Young—reflects strong shareholder support for the Company’s strategic direction and governance enhancements. These actions are likely to enhance the Company’s market positioning and could drive increased liquidity and potentially impact share price performance in the near term.

Disclaimer: This article is based on publicly available information from the Company’s official announcement. It does not constitute investment advice or a recommendation to buy or sell shares. Investors should conduct their own due diligence and consult professional advisors before making investment decisions. The Company and the reporter accept no liability for any actions taken based on this information.

View NUOBIKAN Historical chart here