Outcome of Board Meeting held on July 01, 2025.
EPACK · price
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The Board of Directors of EPACK Durable Limited, on the recommendation of the Audit Committee, approved a change in the objects of the company's Initial Public Offering as originally stated in its prospectus dated January 24, 2024. To make this change effective, the Board approved a draft Postal Ballot Notice to seek shareholders' approval electronically. The cut-off date to determine shareholders eligible to vote has been fixed as Friday, June 27, 2025. The Board meeting commenced at 7:30 PM and concluded at 8:25 PM on July 1, 2025.
This is a material development as it changes the stated purpose for which IPO funds were raised. Shareholders will get to vote on the revised use of proceeds, which could affect the company's growth plans and capital allocation strategy.