6-K 1 form6-k.htm

 

 

 

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

 

Exhibit   Description
     
99.1   Press release dated December 12, 2024

 

 

 

 

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