Kitchen Culture's Board, Acting on Legal Advice, Says 1 November EGM Called To Remove 5 Directors Is Invalid; Urges Shareholders Not to Attend
The Board, with the exception of Madam Hao Dongting, has said that there are no grounds to justify the resignations of the 5.
- The Board, with the exception of Madam Hao Dongting, has said that there are no grounds to justify the resignations of the 5.
- The requisitioners had placed a newspaper advertisement of the Purported Notice of EGM on 16 October 2022.
- The Board said the requisitioners cannot demand the Company to publicise such a notice or the proxy forms.
- As Kitchen Culture is publicly listed, "any EGM convened on the basis of the defective Purported Notices of EGM is likely to be prejudicial to shareholders.