OFA Group: shareholder votes at annual meeting

What happened

• OFA Group announced that on Oct 5, 2026 it held its annual meeting of shareholders and that shareholders approved nine proposals, including the re-election of six directors (Larry Wong, Keith Chong, John Chiang, Andrew Scott, Erwin Baquiran Pineda, and Yan Xu), the ratification of M&K CPAS, PLLC as the independent registered public accounting firm for the fiscal year ending Mar 31, 2027, approval of share consolidations and an increase in authorized share capital, and approval related to the company’s equity line purchase agreement with Atsion Opportunity Fund LLC – Series 1.

Key details

• Record date: Sep 17, 2026; outstanding shares as of that date: 6,453,481 Class A ordinary shares and 20,000,000 Class B ordinary shares (each Class B share entitles its holder to 25 votes).
• Director re-elections: Larry Wong received 501,075,333 votes for, 13,697 votes against, and 10,325 abstentions (other director vote totals were similar).
• Auditor ratification (proposal 2): 501,084,089 votes for, 11,586 votes against, and 3,680 abstentions.
• Proposal approving the Fourth amended and restated memorandum and articles of association (proposal 6) received 501,061,271 votes for, 36,484 votes against, and 1,600 abstentions; the Fourth M&AA became effective on the date of the meeting.
• Proposal approving issuance under the ELOC purchase agreement (proposal 9) received 501,062,966 votes for, 34,789 votes against, and 1,600 abstentions; the ELOC Purchase Agreement provides the company the right to sell up to $100,000,000 of Class A ordinary shares to Atsion over a 36-month term.

Why it may matter

• This item was reported as Item 5.07 (submission of matters to a vote of security holders) and covers the results of the Oct 5, 2026 shareholder vote on director elections, auditor ratification, share consolidations, charter amendments and related authorizations. The filing does not show why the company acted.