Company: BTBT
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001213900-25-030356
Chunk: 33

Company: Bit Digital, Inc
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 33
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. By the end of the first quarter of 2024, we had settled these outstanding amounts with both Daniel Jonsson and GreenBlocks ehf. On May 26, 2021, the Company entered into a Share Exchange Agreement (the “SEA”) with Geney Development Limited (“Geney”), a corporation formed under the laws of the British Virgin Islands. Geney is owned seventy (70%) percent by Zhaohui Deng, Chairman of the Board of the Company, and thirty (30%) percent beneficially owned by Erke Huang, through his ownership of EverGreen Holdings Limited, the Company’s Chief Financial Officer and a director of the Company. Under the SEA, Geney exchanged 1,000,000 Ordinary Shares for 1,000,000 Preference Shares. Each Preference Share provides for: (i) an eight (8%) percent annual dividend when declared by the Board; (ii) a liquidation preference of $10 per share (an aggregate of $10 million) senior to Ordinary Shares; (iii) converts on a one -for-onebasis, subject to a 4.99% blocker; and (iv) fifty (50) votes per Preference Share. The Company paid dividends of $800,000 to Geney on February 7, 2023 and December 8, 2023 and December 20, 2024 for the fiscal years ending December 31, 2022, 2023, and 2024, respectively, pursuant to its 1,000,000 Preference Shares. Resolutions to be passed It is proposed that shareholders pass the following ordinary resolutions: 1Re -election of Zhaohui Deng as Director of the Company It is resolved as an Ordinary Resolution that Zhaohui Deng be re -electedas a director of the Company to hold office until the next annual general meeting or until his successor is duly elected and qualified. 2Re -election of Erke Huang as Director of the Company It is resolved as an Ordinary Resolution that Erke Huang be re -electedas a director of the Company to hold office until the next annual general meeting or until his successor is duly elected and qualified. 3Re -election of Ichi Shih as Director of the Company It is resolved as an Ordinary Resolution that Ichi Shih be re -electedas a director of the Company to hold office until the next annual general meeting or until her successor is duly elected and qualified. 4Re -election of Jiashu (Bill)