Wed, Aug 14, 5:42 PM (153 days ago)
On August 2, 2024, Tianci International, Inc. filed an 8-K report detailing an amendment to its Bylaws regarding shareholder meeting quorum requirements. The previous quorum standard required only two shareholders to be present, while the amended standard stipulates that at least 33⅓% of the outstanding shares of common voting stock must be represented at the meeting, either in person or by proxy. This change aims to enhance shareholder representation and decision-making at meetings. The filing also confirms that the company is not currently listed on any exchange and does not qualify as an emerging growth company under SEC regulations. The report was signed by CEO Shufang Gao, indicating compliance with SEC filing requirements. The amendment may impact corporate governance and shareholder engagement, potentially influencing investor perception and stock value in the future.