Hanryu (NASDAQ:HRYU) Holds Annual Meeting and Reports Voting Results

Hanryu (NASDAQ:HRYU) recently held its annual meeting of stockholders on December 30, 2024. At the meeting, which was conducted virtually, shareholders of the company voted on several key proposals as disclosed in a recent 8-K filing submitted to the Securities and Exchange Commission.

During the annual meeting, a total of 29,636,784 shares of Hanryu’s common stock, out of 52,808,589 outstanding shares, were represented through proxies. Shareholders participated in voting for four proposals, each of which was crucial for the company’s operations and future direction.

Proposal 1 focused on the election of directors. Shareholders elected a group of individuals, including Jay Hyong Woo, Aram Ahn, Amy Shi, John S. Morris, and Larry Namer, to serve on Hanryu’s Board of Directors until the annual meeting for fiscal year 2025. Each nominee received a significant majority of votes cast in their favor.

Proposal 2, which pertained to a Stock Split Proposal, aimed to approve an amendment to Hanryu’s Certificate of Incorporation to initiate a reverse stock split of the Common Stock. This proposal was approved with a substantial majority.

Furthermore, Proposal 3 involved the Ratification of the Appointment of Auditors, where shareholders voted to ratify OneStop Assurance, PAC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024.

Lastly, Proposal 4, the Adjournment Proposal, sought approval for the adjournment of the Annual Meeting in case there were insufficient votes to approve Proposal 2. Shareholders approved this proposal as well.

The successful voting outcomes of these proposals indicate the confidence and support of Hanryu’s shareholders in the company’s leadership and strategic initiatives.

The 8-K filing provided detailed information on the number of votes cast for and against each proposal, reflecting transparency and accountability in Hanryu’s corporate governance practices.

These developments showcase the commitment of Hanryu (NASDAQ:HRYU) to ensuring shareholder value and transparent decision-making processes. Shareholders can refer to the complete 8-K filing for a comprehensive overview of the voting results and the company’s future plans.

For further details on Hanryu’s recent shareholder meeting and voting results, interested parties are encouraged to review the complete 8-K filing submitted to the Securities and Exchange Commission on January 6, 2025.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Hanryu’s 8K filing here.

Hanryu Company Profile

Hanryu Holdings, Inc operates FANTOO, an online social media platform that connects users worldwide that share similar interests. Its platform allows users to interact with other like-minded users to share their appreciation of various types of entertainment and cultures, create and monetize their content, enjoy other users content, engage in commerce, and experience a fandom community.