Company: ZCARW
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001213900-25-002658
Chunk: 7

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-10
Form: PRER14A
Chunk 7
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, for purposes of complying with the Nasdaq Listing Rules, the issuance of shares of Common Stock to a consultant, for services provided to the Company (the “Consultant”), pursuant to the terms and conditions of a Consulting Agreement, dated as of October 21, 2024, as a portion of the compensation payable to the Consultant (“Proposal 4” or the “Consultant Shares Proposal”); |
|:---|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5. | To approve an amendment to the Company’s Amended and Restated Certificate of Incorporation                                                                                                                                                                                                                                                                                                         
 to effectuate a reverse stock split of the Common Stock, at a ratio of between one-for-two and one-for-twenty, with such ratio                                                                                                                                                                                                                                                                     
 to be determined at the sole discretion of the Board and with such reverse stock split to be effectuated at such a rate and at                                                                                                                                                                                                                                                                     
 such time and date, if at all, as determined by the Board in its sole discretion (“Proposal 5” or the “Reverse                                                                                                                                                                                                                                                                                     
 Split Proposal”);                                                                                                                                                                                                                                                                                                                                                                                  |

| 6. | To approve the adjournment of the Special Meeting to a later date or dates, if necessary, to permit                               
 further solicitation and vote of proxies in the event that there are insufficient votes to approve any of the foregoing proposals 
 (“Proposal 6” or the “Adjournment Proposal”);                                                                                     |
| 7. | To transact such other business as may properly come before the Special Meeting or any adjournment                                
 thereof.                                                                                                                          |

How does the Board recommend that I vote?

Our Board unanimously recommends
that the stockholders vote “FOR” each of the proposals.

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What is the difference between holding shares as a stockholder of record and as a beneficial owner?

Most of our stockholders hold
their shares in an account at a brokerage firm, bank or other nominee holder, rather than holding share certificates in their own name.
As summarized below, there are some distinctions between shares held of record and those owned beneficially.

Stockholder of Record

If, on the Record Date, your
shares were registered directly in your name with our transfer agent, Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC), you are a “stockholder of record” who may vote at the Special
Meeting, and we are sending these proxy materials directly to you. As the stockholder of record, you have the right