Smart Logistics Global Limited replaced independent auditor J&S Associate PLT with Privatco CPA Limited. J&S Associate PLT resigned effective June 19, 2026. Privatco CPA Limited will audit the fiscal year ending December 31, 2026. The company reported no disagreements with the outgoing firm.
The company scheduled an annual general meeting for July 10, 2026. Shareholders will vote on a proposed share consolidation at a ratio between 1-for-5 and 1-for-100. This move intends to regain compliance with Nasdaq’s minimum bid price requirement.
A separate proposal seeks to create a dual-class share structure. This would establish Class B shares carrying 50 votes each. The structure would significantly concentrate voting power.