Hello, welcome to the CURRENC Group Extraordinary General Meeting. I would like to introduce your Chairman, CEO, and Director, Mr. King Ong Kong Alexander, also known as Alex Kong. The company's CFO and Director, Mr. Wan Lung Eng. Director, Mr. Eric Weinstein. Mr. Alex Kong, the floor is yours, and you may begin, sir.
Thank you, Paul. Good morning, everyone. I'm Alex Kong, Executive Chairman, CEO, and Director of CURRENC Group Inc. Welcome to our Extraordinary General Meeting of Shareholders. We are excited to have our shareholders joining us from all around the world for this live broadcast, as well as with us here in Hong Kong in person. Just a quick reminder that we will be posting a recording of today's broadcast on the Investor Relations section of our company website. It is now 10:00 A.M. Eastern Time. I officially call this meeting to order. Before we begin the formal business, I want to acknowledge our independent registered public accounting firm, MRI Moores Rowland LLP. As noted in our proxy material, a representative from MRI is not expected to be present or make a statement today.
Before we begin the business portion of the meeting, I would like to cover a few administrative matters. The meeting will be conducted in accordance with the agenda and rules of conduct, which have been provided to those shareholders joining us in person today and are available under the Meeting Materials section of the web portal for those attending virtually. We will address shareholders' questions during the designated Q&A session later in the meeting. If you are a shareholder and have logged into the meeting using your 16-digit control number, you will ask a question by typing it in the Ask a Question box on your screen. We will do our best to answer as many questions as possible within the allotted timeframe. We ask that questions be limited to one topic with one questions per shareholder. Mr.
Jim Reid is with us today and has taken the oath of Inspector of Election. We have received an affidavit from Broadridge Financial Solutions, certifying that the notice of extraordinary general meeting and related proxy materials have mailed or made available on or about January 16, 2026, to all shareholders of record as of January 15, 2026. The Inspector of Election has informed me that based on the attendance taken, holders of more than one-third of the issued ordinary shares entitled to vote are present, either through the virtual meeting portal, in person, or by proxy, thereby constituting a quorum. I therefore declare this meeting duly convened and open for business. As disclosed in our proxy statement, we have five proposal to be voted on today. Proposal number one is the election of Eric Weinstein as a director.
The board recommends a vote for his re-election to hold office until the 2028 Annual General Meeting. Proposal 2 is the approval of the debt to equity conversion, involving the issuance of shares to myself and Regal Planet Limited to satisfy indebtedness. The board recommends a vote for this proposal. Proposal 3 is the approval and adoption of the company's 2025 Equity Incentive Plan. The board recommends a vote for this proposal. Proposal 4 is the ratification of the appointment of MRI Moores Rowland LLP as our independent auditor for the fiscal year ending December 31st, 2025. The board recommends a vote for this proposal. Lastly, proposal 5 is the adjournment of the EGM to a later date, if necessary. The board recommends a vote for this proposal. We will now move to the questions and answer session.
This is Wan Lung Eng, CFO of CURRENC Group. There are no questions, right now.
Okay. Since there are no further questions, we will now proceed to the formal voting. If you have previously cast your vote, whether by mail, telephone, or over the internet, your vote has already been tallied, and there is no need for you to vote again. If you are entitled to vote and wish to revoke a previously submitted proxy and cast your vote during the meeting, you may do so online now until I announce the polls are closed. I now declare the polls open for all proposals. I now declare the polls closed for voting. I will now provide a preliminary voting report based on the votes submitted prior to and during this meeting. We have been informed by the Inspector of Election that the preliminary vote report shows that Eric Weinstein has been duly re-elected as a director.
The debt to equity conversion has been approved. The 2025 Equity Incentive Plan has been approved. The appointment of MRI Moores Rowland LLP has been ratified. The adjournment proposal is not necessary. We will be reporting the final voting results in the report on Form 6-K to be filed with the SEC. This concludes the formal business of the extraordinary general meeting. I declare the meeting's adjourned. Thank you all for attending and for your continued support of CURRENC Group Inc.
The meeting has now concluded. Thank you for joining, and have a pleasant day.