MicroCloud Hologram Inc.

Mr. Guohui  Kang

Chief Executive Officer & Director

Ms. Bei  Zhen

Chief Financial Officer

Mr. Guolong  Qi

Chief Operating Officer

Mr. Jianbo  Zhou

Chief Technology Officer

MicroCloud Hologram Inc. engages in the research and development, and application of holographic technology worldwide. It also provides holographic digital twin technology services and has a holographic digital twin technology resource library. The company is based in China.

SHENZHEN, China , Oct. 2, 2024 /PRNewswire/ -- MicroCloud Hologram Inc. (NASDAQ: HOLO), (the "Company"), today announced that its 2024 Annual General Meeting of the Shareholders (the "AGM") was duly held on September 27, 2024, at the Company's headquarters in Shenzhen, China. At the AGM, the following proposals were approved and adopted: THAT every 20 issued and unissued ordinary shares of a nominal or par value of US$0.001 each in the capital of the Company (the "Ordinary Shares") be consolidated into one (1) share of a nominal or par value of US$0.02 each, and such Consolidated Shares shall rank pari passu in all respects with each other in accordance with the Company's currently effective memorandum and articles of association (the "Share Consolidation") such that following the Share Consolidation the authorized share capital of the Company will be changed FROM US$500,000 divided into 500,000,000 shares of a nominal or par value of US$0.001 each TO US$500,000 divided into 25,000,000 shares of a nominal or par value of US$0.02 each (the "Consolidated Ordinary Shares") To consider and vote upon an ordinary resolution to increase the Company's share capital after the Share Consolidation: THAT conditional upon and effective immediately following the Share Consolidation, increase the authorized share capital of the Company FROM US$500,000 divided into 25,000,000 Consolidated Ordinary Shares, TO US$10,000,000 divided into 500,000,000 Consolidated Ordinary Shares (" Share Capital Increase "), by the creation of an additional 475,000,000 Consolidated Ordinary Shares To consider and vote upon a special resolution to delete the existing Article 15.6 of the Company's currently effective Amended and Restated Memorandum and Articles of Association (the "Current M&A") in its entirety and the substitution therefor the following: "An appointment of a director may be on terms that the director shall automatically retire from office (unless he has sooner vacated office) at the next or a subsequent annual general meeting or upon any specified event or after any specified period in a written agreement between the Company and the director, if any; but no such term shall be implied in the absence of express provision.

MicroCloud Hologram Inc. Announces Results of its 2024 Annual General Meeting of the Shareholders

MicroCloud Hologram (HOLO) stock price collapsed by almost 90% this year, making it one of the worst-performing companies on Wall Street.This decline has brought its market cap to over $147 million.

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MicroCloud Hologram Inc.
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