TDIC · Dreamland Limited Class A Ordinary Shares

Dreamland Limited convened an extraordinary general meeting on April 1, 2026, where shareholders overwhelmingly approved two key share consolidation proposals, signaling strong support for corporate actions likely aimed at enhancing share price attractiveness and compliance with exchange requirements. The first resolution authorizes an immediate 1-for-5 consolidation across both Class A and Class B ordinary shares, reducing the total authorized shares from 10 billion to 2 billion while adjusting the par value from US$0.00001 to US$0.00005, maintaining the US$100,000 authorized capital. This will proportionally reduce outstanding Class A shares from 36 million to 7.2 million and Class B from 1 million to 200,000, with the board empowered to resolve fractional shares through capitalization of reserves or fractional share sales and net proceeds distribution. The second resolution provides significant flexibility, approving a further consolidation at a ratio between 1-for-2 and 1-for-250, to be determined and implemented by the board within 180 days if deemed advisable, with identical fractional handling provisions. Voting results were near-unanimous, with over 99.98% in favor on both proposals based on votes cast representing a quorum of holders of 22,243,752 Class A shares (out of 36 million) and all 1 million Class B shares, equating to 60.12% of total shares but 69.26% of voting power due to Class B's 12:1 voting premium. This dual-structure approval equips the board with tools to execute a reverse stock split in phases, potentially improving liquidity, market perception, and listing compliance without immediate dilution.