Company: OTSA
Filing Date: 2025-05-23
Form Type: DRS/A
Source: 0001213900-25-047247
Chunk: 229

Company: OTSAW Ltd
Filing Date: 2025-05-23
Form: DRS/A
Chunk 229
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 Class A Ordinary Shares and Class B Ordinary Shares outstanding as at the record date for determining those shareholders that are entitled to vote at the general meetings of the Company, for each Class B Ordinary Share held by them. At any general meeting, a resolution put to the vote of the meeting shall be decided by a poll and not on a show of hands. An ordinary resolution to be passed by the shareholders requires the affirmative vote of a simple majority of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy or, in the case of corporations, by their duly authorized representatives, at a general meeting of the Company held in accordance with our articles of association. A special resolution requires the affirmative vote of not less than two -thirdsof the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy or, in the case of corporations, by their duly authorized representatives, at a general meeting of the Company of which notice specifying the intention to propose the resolution as a special resolution has been duly given. Both ordinary resolutions and special resolutions may also be passed by a unanimous written resolution signed by all our shareholders in one or more instruments each signed by one or more of such shareholders, as permitted by the Companies Act and our memorandum and articles of association. A special resolution will be required for important matters such as a change of name or making changes to our memorandum and articles of association. Cumulative Voting Delaware law permits cumulative voting for the election of directors only if expressly authorized in the certificate of incorporation. There are no prohibitions in relation to cumulative voting under the laws of the Cayman Islands but our amended and restated memorandum and articles of association does not provide for cumulative voting. Meetings of Shareholders The chairperson (being the chairperson of our board of directors) or the directors (acting by a resolution of the board) may call general meetings of shareholders whenever they think necessary or desirable and they must on a shareholders’ requisition convene an extraordinary general meeting of the Company. A shareholders’ requisition is a requisition of shareholders holding at the date of deposit of the requisition shares which carry in aggregate not less than one -third(1/3) of all votes attaching to all the issued and outstanding shares that at the date of the deposit carry the right to vote at general meetings of the Company. We must provide at least seven calendar days’ notice (exclusive of the day on which it is given or deemed to be