BEIJING, Feb. 20,
2024 /PRNewswire/ -- Quhuo Limited ("Quhuo" or the
"Company") (NASDAQ: QH), a leading gig economy platform focusing on
local life services in China,
today announced the results of the Company's 2023 annual general
meeting of shareholders ("2023 AGM") held on February 19, 2024 at 10:00
a.m. (local time) in Beijing,
China. The proposals submitted for shareholder approval at
the 2023 AGM have been approved. Specifically, the shareholders
have passed the resolutions approving (1) the ratification of the
appointment of Marcum Asia CPAs LLP as the independent registered
public accounting firm for the fiscal year ended December 31, 2023; (2) the increase of the
Company's authorized share capital from US$50,000 divided into 500,000,000 shares
comprising of (i) 300,000,000 Class A ordinary shares of a par
value of US$0.0001 each ("Class A
Ordinary Shares"), (ii) 6,296,630 shares as Class B ordinary shares
of a par value of US$0.0001 each
("Class B Ordinary Shares"), and (iii) 193,703,370 shares of such
class (or classes) as the Board may determine in accordance with
the Company's memorandum and articles of association ("Undesignated
Shares") to US$500,000 divided into
5,000,000,000 shares comprising of (i) 3,000,000,000 Class A
Ordinary Shares, (ii) 6,296,630 Class B Ordinary Shares, and (iii)
1,993,703,370 Undesignated Shares, by the creation of 2,700,000,000
Class A Ordinary Shares and 1,800,000,000 Undesignated Shares; (3)
the increase of the voting power of the Class B Ordinary Shares
from fifteen (15) votes for each Class B Ordinary Share to four
hundred and eighty (480) votes for each Class B Ordinary Share; and
(4) the approval and adoption of the Third Amended and Restated
Memorandum and Articles of Association with immediate effect in
substitution for and to the exclusion of the Second Amended and
Restated Memorandum and Articles of Associate of the Company then
in effect.
About Quhuo
Quhuo Limited (NASDAQ: QH) is a leading economy platform
focusing on local life services in China. Leveraging Quhuo+, its
proprietary technology infrastructure, Quhuo is dedicated to
empowering and linking workers and local life service providers and
providing end-to-end operation solutions for the life service
market. The Company currently provides multiple industry-tailored
operational solutions, primarily including on-demand delivery
solutions, mobility service solutions, housekeeping and
accommodation solutions, and other services, meeting the living
needs of hundreds of millions of families in the communities.
With the vision of promoting employment, stabilizing income and
empowering entrepreneurship, Quhuo explores multiple scenarios to
promote employment of workers, provides, among others, safety and
security and vocational training to protect workers, and helps
workers plan their career development paths to realize their
self-worth.
For more information about Quhuo, please
visit https://ir.quhuo.cn/.
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SOURCE Quhuo Limited