Meiwu Technology held an extraordinary general meeting on September 14, 2026, where shareholders approved a significant restructuring of its authorized share capital. The company reclassified its single class of ordinary shares into two distinct classes: Class A and Class B ordinary shares. Crucially, the new articles grant each Class B share 150 votes, effectively creating a dual-class voting structure that concentrates control. Concurrently, shareholders approved specific transactions involving Chairman Changbin Xia and Union International Company Limited to repurchase Class A shares and issue corresponding Class B shares. This governance change alters the company's capitalization table and voting dynamics. Meiwu Technology operates in the manufacturing industry, specifically producing commercial kitchen equipment.
