Intercont (Cayman) Limited shareholders approved several proposals, including an increase of authorized share capital to US$250,000,000 and an increase in Class B Ordinary Share voting rights from 30 to 100 votes per share. Additionally, shareholders approved a proposal to effect a reverse share split of Class A Ordinary Shares at a ratio between 1:2 and 1:1000 at the directors' discretion within five years.
