Hello, and welcome to the annual meeting of stockholders for Bio Green Med Solution, Inc. Please note that today's meeting is being recorded. It is now my pleasure to turn today's meeting over to Dr. Satis Krishnan, chairperson of today's meeting. Dr. Krishnan, the floor is yours.
Thank you, good afternoon, ladies and gentlemen. I am Dr. Satis Waran Nair, an independent director of Bio Green Med Solution, Inc., I will preside over this annual meeting. It is my pleasure, on behalf of the board of directors and officers of the company, to extend your warm welcome and express our appreciation to you for virtually attending this annual meeting. It is 12:30 P.M. Eastern Time, the annual meeting is now officially called to order. Before we move on to the official business, I would like to note that virtually present today are members of our board of directors and senior management, as well as representatives of our outside legal counsel. Regarding the business of the meeting, a copy of the agenda and the rules of the procedure are each available via the virtual portal under the headings Documents.
The meeting will take place as described in the agenda and the rules of the procedure. We will now proceed to the business portion of the meeting. We have opened the polls for the meeting on three proposals. Voting will only be open just for a few minutes. If you have not voted yet or if you wish to change your vote, please follow the instructions on your screen in order to vote. The board fixed April 20th, 2026, as the record date for determining Bio Green Med Solution, Inc., stockholders entitled to notice of and to vote at this annual meeting. I have here an affidavit sworn to by our transfer agent, Equiniti Trust Company, LLC, stating that each stockholder of record as of the record date was mailed the proxy materials for the meeting on or about May 4th, 2026.
In addition, resolutions were adopted by the board of directors of Bio Green Med Solution, Inc., providing for the annual meeting to be held virtually and directing that the notice be given as provided in the bylaws. I hereby appoint Anna Hagbert, CTO of CT Hagbert LLC, to serve as the Inspector of Elections for this meeting, who will tabulate the results of the voting. Ms. Hagbert, will you please present your report of attendance at this meeting so that we can determine whether a quorum is present?
Dr. Krishnan, there were 5,519,456 shares of common stock entitled to vote as of the April 20th, 2026 record date. There are 4,334,786 shares, or 78.53%, present virtually or represented by proxy at this meeting.
Thank you, Ms. Hagbert. On the basis of the report of the Inspector of Elections, I find proper notice has been given and that a quorum is present. Accordingly, this meeting has been properly convened. The first matter to be voted upon is to elect the following individuals as Class I directors, each of whom has been nominated for re-election for a three-year term expiring at the 2029 annual meeting of stockholders. First, Dr. Satis Waran Nair Krishnan. Number two, Inigo Angel Laurduraj. The second matter to be voted upon is to ratify the appointment of SFAI Malaysia PLT, PCAOB 7167 as our independent auditors for the fiscal year ending December 31st, 2026. The third matter to be voted upon is to approve on advisory basis the compensation of our named executive officers. The polls for voting on three matters are open.
If you have not voted yet or if you wish to change your vote, please follow the instructions on your screen in order to vote. The polls are still open but will be closing shortly. I now declare the polls closed and ask the Inspector of our Elections, Ms. Hagbert, to provide her preliminary report.
The ballots and votes have been counted and the preliminary results as to the first proposal are that the following individuals have been elected as Class I directors for a three-year term expiring at the 2029 annual meeting of stockholders, Dr. Satis Waran Nair Krishnan and Inigo Angel Laurduraj. The preliminary results as to the second proposal are that the ratification of the appointment of SFAI Malaysia PLT, PCAOB 7167 as our independent auditors for the fiscal year ending December 31st, 2026 is approved. The preliminary results as to the third proposal are that the advisory resolution approving the compensation of our named executive officers is approved.
I hereby declare that all proposals have been approved. The Inspector of Election is directed to submit a certificate of Inspector of Elections of the final vote count with respect to the matters voted on today, which shall be included with the minutes of this meeting. We will now address the questions submitted by stockholders through the virtual portal. As noted in the rules of the procedure, stockholders' questions must be relevant to the business of the company and pertinent to the matters properly before the meeting. Due to the time constraints, we may not be able to address all the questions during the meeting. However, the company will endeavor to follow up with answers to any unanswered questions after the meeting.
Business to come before this meeting, this concludes our meeting and the meeting is officially adjourned and I would like to express my sincere appreciation to the stockholders who attended the meeting virtually as well as those proxies but were not able to join us today. Thank you.
This concludes today's meeting. Thank you for attending and have a pleasant day.