UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2024
Commission File Number: 333-256665
ABITS GROUP INC
Level 24, Lee Garden One, 33 Hysan Avenue
Causeway Bay
Hong Kong SAR, China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Explanatory Note:
The Registrant held its 2024 annual meeting of shareholders (the “Annual Meeting”) on December 10, 2024, at 11:00 A.M., Hong Kong Time, at Level 24, 33 Hysan Avenue, Causeway Bay, Hong Kong SAR, China.
A total of 44,653,789 votes of the Registrant’s ordinary shares and preferred shares present in person or by proxy, representing 68.12% of the combined voting power of the ordinary shares and preferred shares entitled to vote at the Annual Meeting and constituting a quorum for the transaction of business.
The following tables reflect the final tabulation of the votes with respect to each proposal submitted to a vote of the Registrant’s shareholders at the Annual Meeting. Abstentions were counted as present for the purpose of establishing a quorum, but were not treated as votes cast on each respective proposal. Each ordinary share is entitled to one vote, and each preferred share is entitled to six votes. The number of votes cast by preferred shares represented 5,000,000 preferred shares multiplied by six votes per share.
PROPOSAL 1: | Election of Directors |
Nominee | | For | | | Against | | | Abstain | |
Conglin (Forrest) Deng | | | 44,648,785 | | | | 4,385 | | | | 618 | |
Lionel Choong Khuat Leok | | | 44,648,803 | | | | 4,385 | | | | 600 | |
Tao Xu | | | 44,648,889 | | | | 4,281 | | | | 618 | |
Chuan Zhan | | | 44,648,907 | | | | 4,281 | | | | 600 | |
Yanyan Sun | | | 44,648,817 | | | | 4,371 | | | | 600 | |
PROPOSAL 2: | Ratification of Appointment of Independent Auditor |
Total Votes | | For | | | Against | | | Abstain | |
Ordinary shares and preferred shares | | | 44,650,439 | | | | 3,131 | | | | 218 | |
PROPOSAL 3: | Reverse Share Split at A Ratio between One-for-Six and One-for-Fifteen, with the Exact Ratio to Be Determined by the Board of Directors. |
Total Votes | | For | | | Against | | | Abstain | |
Ordinary shares and preferred shares | | | 44,646,703 | | | | 6,784 | | | | 302 | |
PROPOSAL 4: | Such other business as may properly come before the meeting or any adjournment thereof. |
Total Votes | | For | | | Against | | | Abstain | |
Ordinary shares and preferred shares | | | 44,645,097 | | | | 8,374 | | | | 318 | |
On December 12, 2024, the Registrant issued a press release announcing the results of its 2024 Annual Meeting of Shareholders. A copy of the press release is furnished as Exhibit 99.1 hereto.
Exhibit Index
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ABITS GROUP INC |
| | |
Date: December 12, 2024 | By: | /s/ Deng Conglin |
| Name: | Deng Conglin |
| Title : | Chief Executive Officer |