RPGL · Republic Power Group Limited Class A Ordinary Shares

Republic Power Group Limited convened an extraordinary general meeting on April 30, 2026, where shareholders overwhelmingly approved three critical proposals, signaling strong governance alignment and strategic flexibility for capital structure adjustments. The Share Repurchase Proposal facilitates a conversion of 505,664 Class A Ordinary Shares held by True Sage International Limited into an equivalent number of Class B Ordinary Shares upon receipt of transfer instruments. Given Class B shares carry 30 votes per share versus one for Class A, this transaction enhances True Sage's voting influence while reducing Class A share count, potentially streamlining public float. Voting was decisively in favor at over 21 million For votes against minimal opposition. The Third Amended Memorandum and Articles of Association were similarly ratified, setting the stage for subsequent actions. Most significantly, the Share Consolidation Proposal grants the Board broad discretion to implement one or more consolidations of both Class A and Class B Ordinary Shares within a 1-for-2 to 1-for-100 range, determinable up to 180 days post-EGM. This authority includes handling fractional shares via sale and proceeds distribution, plus automatic M&A updates post-consolidation. Such flexibility positions the company to optimize share structure amid potential reverse split needs, common for maintaining exchange compliance. Quorum was met with holders of 530,818 Class A (out of 43,101,278) and all 693,073 Class B shares participating, equating to 33.37% of outstanding shares but over one-third of voting power due to Class B weighting. A prior proxy discrepancy in Class B count was immaterial to outcomes.