Caravelle International Group’s Annual General Meeting: A Gathering of Success and Progress!
HONG KONG , Jan. 4, 2025 /PRNewswire/ — Caravelle International Group (NASDAQ: HTCO) (the “Company”), a global ocean technology company, announced that the Company’s annual shareholder meeting was held on January 3, 2025. It was a day filled with excitement, anticipation, and most importantly, progress.
At the Annual Meeting, the shareholders gathered to make important decisions regarding the future of the company. One of the key decisions made was the approval of the proposed change of the name of the Company from “Caravelle International Group” to “High-Trend International Group.” This name change represents the Company’s commitment to staying ahead of the curve, embracing innovation, and adapting to the ever-changing business landscape.
Another significant decision taken by the shareholders was the proposed re-designation and re-classification of shares. The shareholders approved the re-classification of 497,500,000 ordinary shares as Class A Ordinary Shares, and the re-designation of 2,500,000 unissued ordinary shares as Class B Ordinary Shares. This move not only streamlines the company’s share structure but also paves the way for future growth and expansion.
Furthermore, the shareholders also voted in favor of the proposed second amended and restated memorandum and articles of association of the Company (the “Amended M&A”). These changes are aimed at modernizing the company’s governing documents, ensuring they are in line with current best practices and regulations.
Lastly, the shareholders approved the proposed removal of Mr. [Name], a decision that reflects the Company’s commitment to upholding high standards of corporate governance and accountability.
Overall, the Annual General Meeting was a resounding success, marking a new chapter in the Company’s journey towards even greater achievements and milestones. As the Company embraces change, innovation, and progress, it is poised to make a lasting impact in the field of ocean technology and beyond.
### How this will affect you:
As a shareholder or investor in Caravelle International Group (now High-Trend International Group), these decisions made at the Annual General Meeting will directly impact you. The name change, share re-classification, and amendments to the memorandum and articles of association signal the company’s strategic direction and vision for the future. It’s important to stay informed about these changes and how they might affect your investment in the company.
### How this will affect the world:
Caravelle International Group’s Annual General Meeting decisions reflect larger trends in the business world towards innovation, adaptability, and transparency. By making these changes, the Company is positioning itself as a forward-thinking leader in the field of ocean technology and setting a new standard for corporate governance. This move could inspire other companies to reassess their own structures and policies, leading to a more dynamic and accountable business environment.
### Conclusion:
In conclusion, Caravelle International Group’s Annual General Meeting was a landmark event in the Company’s history, marking a shift towards progress, success, and innovation. The decisions made at the meeting reflect the Company’s commitment to driving change, embracing new opportunities, and setting high standards for corporate governance. As we look towards the future, it is clear that Caravelle International Group (now High-Trend International Group) is poised for even greater achievements and contributions to the field of ocean technology and beyond.
