Business
Scienjoy Announces Results of Annual General Meeting of Shareholders for Fiscal Year 2021
BEIJING, Nov. 8, 2021 /PRNewswire/ -- Scienjoy Holding Corporation ("Scienjoy", the "Company", or "We") (Nasdaq: SJ), a leading live entertainment mobile
About this update from Scienjoy Holding Corporation
[{"type":"text","content":"BEIJING, Nov. 8, 2021 /PRNewswire/ -- Scienjoy Holding Corporation (\"Scienjoy\", the \"Company\", or \"We\") (Nasdaq: SJ), a leading live entertainment mobile streaming platform in China, today announced that all shareholder resolutions proposed at the Company's 2021 annual general meeting of shareholders (the \"AGM\") held on November 8, 2021, at 10:00 a.m. local time in Beijing, China, were duly passed. Specifically the shareholders' resolutions approved the following: \n1. The election of Xiaowu He, Bo Wan, Yongsheng Liu, Hucheng Zhou, Jian Sun, Huifeng Chang and Yibing Liu to serve on the Company's Board of Directors until the next shareholders meeting and until their successors are duly elected and qualified. \n2. The approval and adoption of amendments to the Company's Memorandum and Articles of Associations to \nadopt a dual-class share structure, pursuant to which the Company's authorized share capital shall be re-classified and re-designed into Class A ordinary shares and Class B ordinary shares, with each Class A ordinary share being entitled to one (1) vote and each Class B ordinary share being entitled to ten (10) votes at a meeting of the shareholders or on any resolution of shareholders; authorize the Company to issue up to 50,000,000 Class A Preferred Shares with such designations, powers, preferences and relative, participation, optional and other rights, if any, and such qualifications, limitations and restrictions as the directors may determine; and other related matters. 3. The re-designation of all the existing authorized issued and unissued ordinary shares of the Company as Class A ordinary Shares except for 2,625,058 ordinary shares issued and currently registered in the name of Heshine Holdings Limited, which shall be converted into the same number of Class B ordinary shares. \nAbout Scienjoy Holding Corporation:\nFounded in 2011, Scienjoy is a leading mobile livestreaming platform in China, and its core mission is to build a livestreaming service ecosystem to delight and entertain users. With approximately 250 million registered users, Scienjoy currently operates four livestreaming platform brands, including Showself, Lehai, Haixiu, and BeeLive, which features both the Mifeng Chinese version and BeeLive International version. Scienjoy uniquely combines a gamified business approach to livestreaming, in-de...