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          GlobeNewsWire
          4 months ago
         
        
          Decent Holding Inc. Announces the Approval of Dual-Class Share Structure and Governance Enhancements
        
        
          Yantai, China, June 03, 2025 (GLOBE NEWSWIRE) -- Decent Holding Inc. (Nasdaq: DXST) (“Decent” or the “Company”), an established wastewater treatment services provider in China, today announced the successful adoption of a special resolution to reclassify its authorized share capital and implement updated governance provisions, effective immediately. Under the resolution, the Company has adopted change in the authorized share capital of US$50,000 divided into 500,000,000 shares of a par value of US$0.0001 each ("Ordinary Shares") by: (i) re-classifying all 16,250,000 Ordinary Shares issued and outstanding including 8,026,000 Ordinary Shares issued and outstanding held by Decent Limited into class A ordinary shares with a par value of US$0.0001 each, each having one (1) vote per share and with other rights attached to it in the Second Amended and Restated Memorandum and Articles of Association (the "Class A Ordinary Shares") on a one for one basis; (ii) re-designating 5,000,000 Ordinary Shares issued and outstanding held by Decent Limited into 5,000,000 class B ordinary shares with a par value of US$0.0001 each, each having twenty (20) votes per share and with other rights attached to it in the Second Amended and Restated Memorandum and Articles of Association (the "Class B Ordinary Shares") on a one for one basis; and (iii) re-designating the 483,750,000 remaining authorized but unissued Ordinary Shares into Class A Ordinary Shares on a one for one basis.