Phaos Technology Holdings Shareholder Meeting and Capital Changes

Phaos Technology Holdings (Cayman) Limited is holding an extraordinary general meeting (EGM) on August 31, 2026, to vote on several key proposals. These include a significant increase in the company's authorized share capital, a consolidation of shares to potentially meet NYSE American listing requirements, and the adoption of amended and restated memorandum and articles of association. The meeting will also address the issuance of shares to CEO Hong Loon Gan and grant general authorization for necessary actions related to these proposals. The board of directors unanimously recommends voting FOR all proposals. Shareholders of record as of July 8, 2026, are eligible to vote. The company is taking these measures to maintain its listing on the NYSE American, as current low share prices may trigger delisting procedures. The proposed share consolidation aims to increase the per-share trading price, although potential negative impacts on liquidity and investor perception are acknowledged. Details on voting procedures, quorum requirements, and the implications of each proposal are provided. Final voting results will be filed with the SEC on Form 6-K.