Good morning, ladies and gentlemen. I am Jiulong You , the Chief Executive Officer of Pinnacle Food Group Limited and the Chairman of this Extraordinary General Meeting. It is my pleasure to welcome all of you to this Extraordinary General Meeting. Before we begin with the formal business of today's meeting, I would like to take this opportunity to introduce the other members of our Board of Directors in attendance at the meeting, Li Xia Du, Xuesong Pang , Lin Chen , Yinglu Qi , Ngai Lam Cheung . Additionally, please note that, as described in the company's proxy statement, the holders of a proxy solicited by the Board of Director for the meeting are myself and Dr. Yunhao Chen, the company's chief financial officer. As the chairperson, I will rule on any procedural issues that come before the meeting.
Yes? Did I hear? Sorry. As the chairperson, I will rule on any procedural issues that come before the meeting. I wish to express my sincere thanks to the shareholders who mailed their proxies, as well as to those of you who are here today, for your interest in the affairs of Pinnacle. I will make a few further remarks later in the meeting. The Board of Directors has appointed Grayson Owens , a representative of his U.S. law firm, Kaufman & Canoles P.C., to act as Inspector of Election and of Shareholders Votes at this meeting. Grayson Owens is present by phone and has signed oath of Inspector of Election and of Shareholders Votes. The Secretary will file the oath with the records of this meeting.
I would now like to ask Dr. Chen to report with regard the calling and the giving of notice of this meeting. Dr. Chen.
Yes. On September 18th, we announced that this Extraordinary General Meeting will be held at 9:00 A.M. EST on October 2nd, 2026. The date of September 15th, 2026, was fixed as the record date for the holders of our common shares entitled to receive notice and to vote at this meeting. The notice of the Extraordinary General Meeting and related proxy soliciting material, including a proxy statement describing the matters to be voted on at the meeting, and a proxy card were mailed on or about September 18th, 2026, to all holders of our common shares of record as of the close of business on the record date. I have an affidavit from Broadridge Financial Solutions, Inc., our proxy distribution agent, with respect to this mailing.
Accordingly, this Extraordinary General Meeting was duly called and notice of this Extraordinary General Meeting was properly given to our shareholders in accordance with the provisions of our articles and the applicable law. These affidavits are available if any shareholder wishes to examine them, and will be filed with the minutes of this meeting. The proxy statement and the form of proxy card will also be filed with the company's record.
Dr. Chen will now report on the shareholders entitled to vote.
Transhare Corporation, our transfer agent, has prepared a complete list of the holders of record of our common shares entitled to vote at this meeting. The list includes the names and addresses of the shareholders arranged in alphabetic order and the number of shares held. A complete list of the shareholders entitled to vote at this meeting is here, and it is open for inspection by any shareholder.
Dr. Chen will file the list of shareholders entitled to vote with the records of this meeting. The number of common shares issued and outstanding as of the record date, September 15, 2026, is 11,765,100 shares, including 4,070,100 Class A common shares and 7,695,000 Class B common shares. Each Class A common share is entitled to one vote per share, and each Class B common share is entitled to five votes per share. Under the Memorandum and Articles of of Pinnacle, to constitute a quorum, at least two shareholders holding not less than one third in nominal value of the total each voting shares in the company must be presented at this meeting, either in person or by proxy.
As reported by the Inspector of Election, the number of shares represented at this meeting in person or by proxy is 8,757,425 common shares, representing not less than one third in nominal value of the total each voting shares entitled to vote at this meeting. Therefore, a quorum has been constituted, and the meeting is lawfully and properly convened and officially called to order for the transaction of business. As you can see on the rules of conduct that you received at the registration desk, we will adhere to certain procedures in fairness to all shareholders in attendance and to assure an orderly and constructive meeting. Anyone not following these rules of conduct may be asked to leave the meeting. We will follow the order of business on the agenda that was given to you at the registration desk.
We will hold a general question and answer session at the conclusion of the formal business portion of the agenda. Please hold your questions until that time, unless you are a shareholder or a duly appointed representative of a shareholder and your question relates to the specific agenda item under discussion. We will now proceed with the voting on the proposed matter described in the proxy statement to be acted upon at this meeting. Further information concerning the proposal is obtained in the proxy statement that was sent to each of our shareholders. We will hold voting until all proposals are on the floor. The matter on our agenda today is the approval of Proposal 1.
By a special resolution, subject to and conditional upon all requisite consents of the holders of Class B common shares being obtained to approve the increase to number of votes attached to each Class B common share of a nominal or par value of $ 0.00005 each in the company. A Class B common share from five votes per share to 20 votes per share on all matters subject to vote at general meeting of the company. The increase of votes of Class B common share proposal or Proposal 1.
The Board of Directors recommends the approval of increase of votes of Class B common share proposal.
Are there any questions from the shareholders regarding Proposal number 1? Okay. By a special resolution, subject to and conditional upon approval by the shareholders of Proposal number 1, to adopt the second amended and restated Memorandum and Article of Association of the company in the form attached as Appendix A to the proxy statement accompanying this notice. A second amended and restated M&A in substitution for, and to the exclusion of, the existing amended and restated Memorandum and Article of Association of the company with immediate effect. The charter amendment proposal or Proposal number 2.
The Board of Directors recommends the approval of the charter amendment proposal.
Are there any questions from shareholders regarding Proposal number 2? Okay, we can now proceed with voting on the proposal brought before the shareholders. I hereby declare the polls open for voting. Are there any shareholders present and entitled to vote who have not turned in proxies and wish to vote in person at this meeting? If so, please raise a hand so ballots can be distributed to you. It is not necessary to vote in person if you have delivered a proxy, unless you wish to change your vote. If you have requested a ballot, please clearly write your name and address on the ballot as it appears in the company's records.
Anyone? The proxy holder and any shareholders voting in person should complete their ballots now. Is there any, Jiulong?
Do we have anyone on site in person attending the meeting who's going to vote?
No. I'm at the site right now.
Okay.
Nobody's trying to vote on site. Yep.
The proxy holder and any shareholders voting in person should complete their ballots now. Will the proxy holder and all shareholders voting in person please complete their ballots for the proposals that are before this meeting?
Okay. But I don't think anyone is trying to vote on site.
Okay. You can go straight to the preliminary results of the voting.
Sure. We will now return to the formal order of business of the meeting, and we'll hear from Dr. Chen concerning the proposals presented to this meeting. Dr. Chen, will you please read the preliminary Inspector of Election report with respect to all proposals?
Yes, I have the preliminary report of the Inspector of Election. The final results of the balloting will appear in the company's report on Form 6-K within four business days after this meeting. On the basis of the voting with respect to Proposal 1, the increase of votes of Class B common share proposal. Based on the receipt of 2/3 of votes cast on the matter, the increase of votes of Class B common share as a special resolution has been approved by our shareholders. On the basis of the voting, with respect to Proposal 2, the charter amendment proposal. Based on the receipt of 2/3 of the votes cast on the matter, the charter amendment as a special resolution has been approved by our shareholder. Jiulong?
Okay. I'd now like to conclude the formal business portion of the meeting before opening up the floor for questions, because there's no other formal business to come before the meeting, I'll declare today's Extraordinary General Meeting closed. Ladies and gentlemen, thank you for your attendance at this meeting. I would now like to open up the floor for questions. If you have any question, please identify yourself when recognized. Okay. Okay, I think we don't have any questions, so the Q&A session is now completed. Should we move on to the second meeting?
Sure.
Okay. Okay, now we have the second meeting, which is a Class B shareholder meeting. Good morning, ladies and gentlemen. I am Jiulong You, Chief Executive Officer of Pinnacle Food Group Limited and Chairman of this Class B shareholder meeting. It is my pleasure to welcome all of you to this Class B shareholder meeting. Before we begin with the formal business of today's meeting, I would like to take this opportunity to introduce the other members of our Board of Directors in attendance at the Class B shareholder meeting. Li Xia Du, Xuesong Pang, Lin Chen, Yinglu Qi , Ngai Lam Cheung . Additionally, please note that, as described in the company's proxy statement, the holders of proxies solicited by the Board of Director for these meetings are myself and Dr. Yunhao Chen, the company's Chief Financial Officer.
As the chairperson, I will rule on any procedural issues that come before the meeting. The Board of Directors has appointed Grayson Owens , a representative of its U.S. law firm, Kaufman & Canoles P.C., to act as Inspector of Election and of shareholders' votes at this meeting. Grayson Owens is present by phone and has signed on the oath of Inspector of Election and shareholders' votes. The secretary will file the oath with the records of this meeting.
I would now like to ask Dr. Chen to report with regard to the calling and giving of notice of this Class B shareholder meeting. Dr. Chen?
On September 18th, 2026, we announced that this Class B shareholder meeting will be held immediately following this Extraordinary General Meeting at 9:00 A.M. EST on October 2nd, 2026. The date of September 15th, 2026, was fixed as the record date for the holders of our Class B common shares entitled to receive notice of and to vote at this meeting. The notice of Class B shareholder meeting and related proxy soliciting material, including a proxy statement describing the matters to be voted on at the meeting, and a proxy card were mailed around September 30th, 2026. The Class B ballots and material
I think was the right. On September 30th, to all holders of our Class B common shares of records as of the close of business on the record date. I have affidavits from Broadridge Financial Solutions, Inc., our proxy distribution agent, with respect to this mailing. Accordingly, this Class B shareholder meeting was duly called, and a notice of this Class B shareholder meeting was properly given to our Class B shareholders in accordance with the provisions of our articles and applicable law. These affidavits are available if any shareholder wishes to examine them and will be filed with the minutes of this meeting. The proxy statement and a form of proxy card will also be filed with company's records.
Dr. Chen will now report on the Class B shareholders entitled to vote.
Transhare Corporation, our transfer agent, has prepared a complete list of the holders of record of our Class B common shares entitled to vote at this meeting. The list includes the names and addresses of the shareholders arranged in alphabetic order, and the number of shares held. A complete list of the shareholders entitled to vote at this meeting is here and is open for inspection by any shareholder.
Dr. Chen will file the list of shareholders entitled to vote with the records of this meeting. Li Xia Du and Jin Yang Zhao, the holders of all 7,695,000 Class B shares on issue in the company, are present at the Class B shareholder meeting. Therefore, a quorum has been constituted, and the meeting is lawfully and properly convened and officially called to order for the transaction of business.
The matter on our agenda today is the approval of the Class B proposal by a special resolution of the holders of Class B common shares of the company that the increase to the number of votes attached to each Class B common shares from five votes per share to 20 votes per share to all matters subject to vote at the general meetings of the company, and adoption of the second amended and restated M&A in each case, as contemplated by proposal number one and proposal number two described in the notice of 2026 Extraordinary General Meeting.
The Board of Directors recommends the approval of the Class B proposal.
We can now proceed with the voting on the proposal brought before Class B shareholders. I hereby declare the poll open for voting. I think the shareholders[crosstalk].
They all voted.
Yeah. I am going to go straight to the results. We will now return to the formal order of business of the meeting, and we will hear from Dr. Chen concerning the proposals presented to this meeting. Dr. Chen, would you please read the Inspector of Election report with respect to the Class B proposal?
On the basis of this voting, with respect to the Class B proposal, based on the receipt of the votes cast on that matter, the Class B proposal as a special resolution has been approved by the Class B shareholders.
Okay. I would now like to conclude the formal business portion of the meeting because there is no other formal business to come before the meeting. I now declare today's Class B shareholder meeting closed. Have a great rest of the day, everyone. Thanks for coming.
Thank you, Jiulong.
Thank you.
Thank you. Yes.[crosstalk].