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SAI.TECH Announces Adjournment of Annual General Meeting

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SAI.TECH Global (NASDAQ: SAI, SAITW) announced the adjournment of its Annual General Meeting (AGM) originally scheduled for August 6, 2024. The meeting has been postponed to Tuesday, August 13, 2024, at 9:00 a.m. Eastern Standard Time due to a lack of requisite quorum. The AGM will be held virtually at http://www.virtualshareholdermeeting.com/SAI2024.

The record date for the adjourned meeting remains July 19, 2024. Shareholders who have not yet voted are encouraged to do so on the proposals outlined in the Company's Notice of AGM and Form of Proxy dated July 23, 2024. Previously submitted proxies will remain valid unless properly revoked.

SAI.TECH Global (NASDAQ: SAI, SAITW) ha annunciato il rinvio della sua Assemblea Generale Annuale (AGM), originariamente programmata per il 6 agosto 2024. L'incontro è stato posticipato a martedì 13 agosto 2024, alle 9:00 del mattino, ora standard orientale, a causa della mancanza del quorum necessario. L'AGM si terrà virtualmente su http://www.virtualshareholdermeeting.com/SAI2024.

La data di registrazione per la riunione rimane 19 luglio 2024. Gli azionisti che non hanno ancora votato sono incoraggiati a farlo sulle proposte delineate nel Comunicato di convocazione dell'AGM e nel Modulo di delega datato 23 luglio 2024. I proxi già inviati rimarranno validi a meno che non vengano revocati correttamente.

SAI.TECH Global (NASDAQ: SAI, SAITW) anunció la suspensión de su Junta General Anual (AGM) originalmente programada para el 6 de agosto de 2024. La reunión se ha pospuesto para el martes 13 de agosto de 2024, a las 9:00 a.m. hora estándar del este debido a la falta del quórum requerido. La AGM se celebrará virtualmente en http://www.virtualshareholdermeeting.com/SAI2024.

La fecha de registro para la reunión aplazada sigue siendo 19 de julio de 2024. Se alienta a los accionistas que aún no han votado a hacerlo sobre las propuestas delineadas en el Aviso de AGM y el Formulario de Poder datado el 23 de julio de 2024. Los poderes enviados anteriormente seguirán siendo válidos, a menos que se revoquen correctamente.

SAI.TECH Global (NASDAQ: SAI, SAITW)은 원래 2024년 8월 6일에 예정되어 있던 연례총회(AGM)의 연기를 발표했습니다. 회의는 2024년 8월 13일 화요일 오전 9시 동부 표준시로 연기되었습니다. 필수 정족수 부족으로 인해 AGM은 http://www.virtualshareholdermeeting.com/SAI2024에서 온라인으로 진행됩니다.

연기된 회의의 기준일은 2024년 7월 19일로 유지됩니다. 아직 투표하지 않은 주주들은 2024년 7월 23일자로 발송된 AGM 통지서와 위임장 양식에 명시된 제안에 대해 투표하도록 권장됩니다. 이전에 제출된 위임장은 적절히 취소되지 않는 한 유효합니다.

SAI.TECH Global (NASDAQ: SAI, SAITW) a annoncé le report de son Assemblée Générale Annuelle (AGM) initialement prévue pour le 6 août 2024. La réunion a été reportée au mardi 13 août 2024, à 9h00, heure normale de l'Est en raison d'un manque de quorum requis. L'AGM se tiendra virtuellement sur http://www.virtualshareholdermeeting.com/SAI2024.

La date d'enregistrement pour la réunion reportée reste le 19 juillet 2024. Les actionnaires qui n'ont pas encore voté sont encouragés à le faire sur les propositions décrites dans l'Avis d'AGM et le Formulaire de Procuration daté du 23 juillet 2024. Les procurations déjà soumises resteront valides à moins d'être révoquées correctement.

SAI.TECH Global (NASDAQ: SAI, SAITW) gab die Verschiebung seiner Hauptversammlung (AGM) bekannt, die ursprünglich für den 6. August 2024 angesetzt war. Die Sitzung wurde auf Dienstag, den 13. August 2024, um 9:00 Uhr Eastern Standard Time verschoben, da das erforderliche Quorum nicht erreicht wurde. Die AGM wird virtuell unter http://www.virtualshareholdermeeting.com/SAI2024 stattfinden.

Das Stichtagsdatum für die verschobene Sitzung bleibt 19. Juli 2024. Aktionäre, die noch nicht abgestimmt haben, werden ermutigt, dies zu den in der Bekanntmachung zur Hauptversammlung und dem Vollmachtsformular vom 23. Juli 2024 dargestellten Vorschlägen zu tun. Bereits eingereichte Vollmachten bleiben gültig, es sei denn, sie werden ordnungsgemäß widerrufen.

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SINGAPORE, Aug. 06, 2024 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”) (NASDAQ: SAI, SAITW), today announced that the Annual General Meeting (the “AGM”) of the Company convened on August 6, 2024 has been adjourned, due to lack of requisite quorum, to Tuesday, August 13, 2024 at 9:00 a.m. Eastern Standard Time at http://www.virtualshareholdermeeting.com/SAI2024. The record date for the adjourned annual meeting continues to be July 19, 2024.

The Company adjourned the AGM for the purpose of allowing additional time for shareholders to vote on the proposals as set forth in the Company’s Notice of AGM and Form of Proxy for the AGM, dated July 23, 2024, which remains unchanged.

All shareholders of record as of July 19, 2024, who have not already done so are encouraged to vote on the proposals. Shareholders who have previously submitted a proxy or otherwise voted do not need to take any action and all previously submitted proxies will be voted at the adjourned annual meeting unless properly revoked.

About SAI.TECH

SAI.TECH is a Nasdaq-listed (SAI) sustainable distributed bitcoin mining operator headquartered in Singapore. SAI’s mission is to become a sustainable distributed digital asset mining operator and heating supplier globally, while simultaneously promote the clean transition of the bitcoin mining, power and heating industries.

In May 2022, SAI became a publicly traded company under the new ticker symbol “SAI” on the Nasdaq Stock Market (NASDAQ) through a merger with TradeUP Global Corporation. For more information on SAI.TECH, please visit https://sai.tech/.

Safe Harbor Statement

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue to”, “predict”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements include, but not limited to, statements concerning SAI.TECH and the Company’s operations, financial performance, and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. SAI.TECH cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic, and social conditions around the world including those discussed in SAI.TECH’s Form 20-F under the headings “Risk Factors”, “Results of Operations” and “Business Overview” and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and SAI.TECH specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.

Media Contact

pr@sai.tech

Investor Relations Contact

ir@sai.tech


FAQ

When is the rescheduled Annual General Meeting for SAI.TECH Global (SAI)?

The rescheduled Annual General Meeting for SAI.TECH Global (NASDAQ: SAI) is set for Tuesday, August 13, 2024, at 9:00 a.m. Eastern Standard Time.

Why was SAI.TECH's Annual General Meeting adjourned?

SAI.TECH's Annual General Meeting was adjourned due to a lack of requisite quorum on the original date of August 6, 2024.

What is the record date for SAI.TECH's adjourned Annual General Meeting?

The record date for SAI.TECH's adjourned Annual General Meeting remains July 19, 2024.

Where will SAI.TECH's rescheduled Annual General Meeting be held?

SAI.TECH's rescheduled Annual General Meeting will be held virtually at http://www.virtualshareholdermeeting.com/SAI2024.

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