Company: ZCARW
Filing Date: 2025-01-21
Form Type: DEF 14A
Source: 0001213900-25-005022
Chunk: 11

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-21
Form: DEF 14A
Chunk 11
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 cast a vote. With respect to Proposal 1 (the Institutional Investors Bridge
Warrants Proposal), Proposal 2 (the Reg D Investors Bridge Warrants Proposal), Proposal 3 (the 2023 Plan Amendment Proposal), Proposal
4 (the Consultant Shares Proposal), Proposal 5 (the Reverse Split Proposal) and Proposal 6 (the Adjournment Proposal), you may vote “for”
or “against” each of the proposals or you may “abstain” from casting a vote on each such proposal. Abstentions
and broker non-votes will be counted for the purpose of determining whether a quorum is present at the Special Meeting.

Broker non-votes occur
on a matter when a broker is not permitted to vote on that matter without instructions from the beneficial owner and instructions are
not given. These matters are referred to as “non-routine” matters. Each of the Institutional Investors Bridge Warrants Proposal,
the Reg D Investors Bridge Warrants Proposal, the 2023 Plan Amendment Proposal and the Consultant Shares Proposal is “non-routine.”
Thus, in tabulating the voting result for this proposal, shares that constitute broker non-votes are not considered votes cast on those
proposals. The Reverse Split Proposal and the Adjournment Proposal are each a “routine” matter and therefore a broker may
vote on this matter without instructions from the beneficial owner as long as instructions are not given.

What are the voting requirements to approve each of the proposals?

Each of the proposals
requires the affirmative “FOR” votes of a majority of the votes cast on such proposal. Abstentions will have no effect on
the outcome of these proposals. Proposal 1 – the Institutional Investors Bridge Warrants Proposal, is not a routine matter, and
as such brokers may not vote at the Special Meeting on such proposal, if they do not receive instructions from the beneficial owner as
to how to vote. Proposal 2 – the Reg D Investors Bridge Warrants Proposal, is not a routine matter, and as such brokers may not
vote at the Special Meeting on such proposal, if they do not receive instructions from the beneficial owner as to how to vote. Proposal
3 – the 2023 Plan Amendment Proposal, is not a routine matter, and as such brokers may not vote at the Special Meeting on such
proposal, if they do not receive instructions from the beneficial owner as to how to vote. Proposal 4 – the Consultant Shares Proposal,
is not a routine matter, and as such brokers may not vote