Annual General Meeting Transcript - CURR 2026-02-25

Operator

Hello, and welcome to the Currency 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-Long Eng, director, Mr. Eric Weinstein, Mr. Alex Kong. The floor is yours, and you may begin, sir. Thank you, Paul.

Alex Kong, Chairman

Good morning, everyone. I'm Alex Kong, Executive Chairman, CEO, and Director of Currency 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 a.m. Eastern Time, and I officially call this meeting to order. Before we begin the formal business, I want to acknowledge our independent registered public accounting firm, MRI Morse Roland 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 lodged 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 time frame. so we ask that questions be limited to one topic with one question per shareholder. Mr. Jim Redd 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 proposals to be voted on today. Proposal number one is the election of Eric Weinstein as the Director. The Board recommends a vote for his re-election to hold office until the 2028 Annual General Proposal number two is the approval of the debt-to-equity conversion involving the issuance of shares to myself and Reading Planet Limited to satisfy indebtedness. The Board recommends a vote for this proposal. Proposal number three is the approval and adoption of the company's 2025 Equity Incentive the board recommends a vote for this proposal proposal number four is the ratification of the appointment of mri morse roland llp as our independent auditor for the for the fiscal year ending december 31st 2025. the board recommends a vote for this proposal lastly proposal number Number 5 is the adjournment of the EGM to a later date if necessary. The board recommends a vote for this proposal.

Wan Lung Eng, CFO

We will now move to the questions and answer session. This is Wanlong Ng, CFO of Currency. There are no questions right now. OK. Since there are no further questions, we will now proceed to the formal voting.

Alex Kong, Chairman

If you have previously cast your vote, whether by mail, telephone, or over the internet, your vote has already been palliated 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.

Wan Lung Eng, CFO

I now declare the polls open for all proposals. I now declare the polls closed for voting.

Alex Kong, Chairman

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-MOS Roland LLP has been rectified. The adjournment proposal is not necessary. We will be reporting the final voting results in the report on Form 6K to be filed with the SEC. This concludes the formal business of the Extraordinary General Meeting. I declare the meetings adjourned. Thank you all for attending and for your continued support of Currency Group Inc. The meeting has now concluded.

Operator

Thank you for joining and have a pleasant day.