Company: RITR
Filing Date: 2025-11-28
Form Type: F-3
Source: 0001213900-25-115738
Chunk: 38

Company: Reitar Logtech Holdings Ltd
Filing Date: 2025-11-28
Form: F-3
Chunk 38
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 as described under “— Compulsory Acquisition” below.

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Compulsory acquisition

Under Delaware General
Corporation Law § 253, in a process known as a “short form” merger, a corporation that owns at least 90% of the outstanding
shares of each class of stock of another corporation may either merge the other corporation into itself and assume all of its obligations
or merge itself into the other corporation by executing, acknowledging and filing with the Delaware Secretary of State a certificate
of such ownership and merger setting forth a copy of the resolution of its board of directors authorizing such merger. If the parent
corporation is a Delaware corporation that is not the surviving corporation, the merger also must be approved by a majority of the outstanding
stock of the parent corporation. If the parent corporation does not own all of the stock of the subsidiary corporation immediately prior
to the merger, the minority shareholders of the subsidiary corporation party to the merger may have appraisal rights as set forth in
§ 262 of the Delaware General Corporation Law.

Independent directors

There are no provisions
under Delaware corporate law or under the Companies Act that require a majority of our directors to be independent.

Cumulative voting

Under Delaware corporate
law, cumulative voting for elections of directors is not permitted unless the company’s certificate of incorporation specifically
provides for it. Cumulative voting potentially facilitates the representation of minority shareholders on a board of directors since it
permits the minority shareholder to cast all the votes to which the shareholder is entitled on a single director, which increases the
shareholder’s voting power with respect to electing such director. There are no prohibitions on cumulative voting under the laws
of the Cayman Islands, but our tMemorandum and Articles does not provide for cumulative voting.

Removal of directors

Under Delaware corporate
law, a director of a corporation with a classified board may be removed only for cause with the approval of a majority of the outstanding
shares entitled to vote, unless the certificate of incorporation provides otherwise. Removal of directors is governed by the terms our
Memorandum and Articles under the laws of the Cayman Islands.

Mergers

Under Delaware corporate
law, one or more constituent corporations may merge into and become part of another constituent corporation in a process known as a merger.
A Delaware corporation may merge with a foreign corporation as long as the law of the foreign jurisdiction permits such a merger. To
effect a merger under Delaware General Corporation Law § 251