Tuya Inc. to Hold Annual General Meeting on June 20, 2024

Rhea-AI Summary

Tuya, a leading global cloud platform service provider, has announced its Annual General Meeting (AGM) for shareholders will be held on June 20, 2024, at 3:00 p.m. Hong Kong time in Hangzhou, China. The AGM will consider and vote on Proposed Resolutions outlined in the AGM Notice available on the company's website. Shareholders and ADS holders as of the close of business on May 21, 2024, are eligible to participate in the voting process. Tuya's board supports these resolutions and encourages shareholders to vote in their favor. Additionally, Tuya has filed its annual report on Form 20-F, including audited financial statements for the fiscal year ending December 31, 2023, available on both the company's and the SEC's websites.

Positive

• Tuya is holding an AGM, demonstrating corporate governance and shareholder engagement.
• The board fully supports the Proposed Resolutions, showing unified management vision.
• Availability of AGM Notice and proxy forms online enhances transparency.
• Tuya has filed its annual report on Form 20-F, indicating regulatory compliance.
• Audited financial statements for FY 2023 are accessible, providing financial clarity.

Negative

• No specific details on the Proposed Resolutions were provided in the PR, leaving shareholders uninformed.
• The need for shareholders to vote through intermediaries could complicate the voting process for ADS holders.
• The announcement does not include any new business developments or strategic initiatives.

SANTA CLARA, Calif., May 21, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced that it will hold an annual general meeting of the Company's shareholders (the "AGM") at 3:00 p.m. (Hong Kong time) on Thursday, June 20, 2024 at Huace Center, Building A, 3/F VVIP room, Xihu District, Hangzhou City, Zhejiang Province, China, for the purposes of considering and, if thought fit, passing each of the Proposed Resolutions as defined and set forth in the notice of the AGM (the "AGM Notice"). The AGM Notice and the form of proxy for the AGM are available on the Company's website at ir.tuya.com. The board of directors of the Company fully supports the Proposed Resolutions and recommends that shareholders and holders of American depositary shares ("ADSs") vote in favor of the Proposed Resolutions.

Holders of record of the Company's ordinary shares as of the close of business on May 21, 2024 (Hong Kong time) are entitled to receive notice of, and to attend and vote at, the AGM or any adjournment or postponement thereof. Holders of record of ADSs as of the close of business on May 21, 2024 (New York time) who wish to exercise their voting rights for the underlying Class A ordinary shares must give voting instructions directly to The Bank of New York Mellon, the depositary of the ADSs, or indirectly through a bank, brokerage or other securities intermediary, as the case may be.

The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2023, with the U.S. Securities and Exchange Commission (the "SEC"). The Company's annual report on Form 20-F can be accessed on the Company's website at ir.tuya.com and on the SEC's website at http://www.sec.gov.

About Tuya Inc.

Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading cloud platform service provider with a mission to build a smart solutions developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built cloud developer platform with cloud and generative AI capabilities that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, Software-as-a-Service, or SaaS, and smart solutions for developers of smart device, commercial applications, and industries. Through its cloud developer platform, Tuya has activated a vibrant global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "anticipate", "target", "aim", "estimate", "intend", "plan", "believe", "potential", "continue", "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. The forward-looking statements included in this press release are only made as of the date hereof, and the Company disclaims any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty.

Investor Relations Contact

Tuya Inc.
Investor Relations
Email: ir@tuya.com

The Blueshirt Group
Gary Dvorchak, CFA
Phone: +1 (323) 240-5796
Email: gary@blueshirtgroup.co

View original content:https://www.prnewswire.com/news-releases/tuya-inc-to-hold-annual-general-meeting-on-june-20-2024-302151307.html

SOURCE Tuya Inc.

FAQ

When is the Tuya AGM in 2024?

The Tuya AGM is scheduled for June 20, 2024, at 3:00 p.m. Hong Kong time.

Where will the Tuya AGM be held?

The Tuya AGM will be held at Huace Center, Building A, 3/F VVIP room, Xihu District, Hangzhou City, Zhejiang Province, China.

Who can vote at the Tuya AGM?

Shareholders and ADS holders of record as of the close of business on May 21, 2024, are eligible to vote at the AGM.

How can ADS holders vote at the Tuya AGM?

ADS holders must give voting instructions directly to The Bank of New York Mellon or through their brokerage or other intermediary.

Where can I find Tuya's annual report for 2023?

Tuya's annual report for 2023 is available on the company's website and the SEC's website.