Qifu Technology Announces Annual General Meeting Details
Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660), an innovative AI-driven Credit-Tech platform, is making waves with its upcoming annual general meeting (AGM). Set for June 30, the AGM promises vital discussions that may reshape the future of the company and its shareholders. The event will be held at the company’s headquarters in the bustling financial hub of Shanghai. It is a significant opportunity for shareholders to engage with the company's strategic directions.
AGM Agenda and Key Resolutions
Changes in Company Name
One of the pivotal resolutions on the agenda is the potential name change from “Qifu Technology, Inc.” to “Qfin Holdings, Inc.” This change reflects the company's commitment to evolving its brand in alignment with its innovative offerings in the credit technology space.
Amendments to Memorandum and Articles
Additionally, shareholders will consider adopting an amended and restated memorandum and articles of association. These amendments are expected to modernize the company’s governance framework and ensure it is well-aligned with current market practices.
Financial Oversight and Auditing
In a move to enhance financial transparency, the board is recommending the re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the company’s auditor. Their expertise will continue to guide Qifu Technology, ensuring sound financial practices.
Announcement of the Director's Re-election
The AGM will also address the re-election of Mr. Xiangge Liu as a director. His continued leadership is crucial for steering the company towards achieving its strategic goals, especially as Qifu thrives in an increasingly competitive market.
Voting Eligibility and Participation
Shareholders should note that the close of business on May 27 will serve as the record date for determining eligibility to vote at the AGM. This means that holders of the Class A ordinary shares are entitled to participate and voice their opinions, ensuring their interests are represented.
Voting for ADS Holders
For holders of American Depositary Shares (ADSs), it is essential to submit voting instructions directly to The Bank of New York Mellon by the specified date. This process will allow ADS holders to express their voting rights concerning the underlying Class A ordinary shares.
About Qifu Technology
Qifu Technology stands at the forefront of the Credit-Tech revolution in China. The company focuses on empowering financial institutions through sophisticated machine learning and data analytics capabilities. By streamlining the loan lifecycle—from borrower acquisition, credit assessments to post-facilitation services—Qifu Technology is dedicated to making credit more accessible and customizable for all.
Future Expectations
The upcoming AGM symbolizes a transitioning period for Qifu Technology as it navigates the vital shifts within the credit-tech landscape. Its forward-thinking initiatives are designed to foster growth, collaboration with major financial groups, and enhanced consumer accessibility to credit services.
Frequently Asked Questions
What is the date of the Qifu Technology AGM?
The AGM is scheduled for June 30, 2025, at 10:00 a.m. Beijing time.
What major changes are proposed during the AGM?
Proposed changes include a name change to “Qfin Holdings, Inc.”, amendments to governance documents, and the reappointment of the company’s auditor.
How can shareholders vote at the AGM?
Shareholders must ensure they are on record by May 27, 2025, to vote, and ADS holders need to submit voting instructions to their depositary bank.
Who is the current auditor recommended for reappointment?
The board recommends the re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the company’s auditor.
What role does Mr. Xiangge Liu play in the company?
Mr. Xiangge Liu is the director recommended for re-election, contributing his leadership and strategic insight to Qifu Technology.
