GLG Life Tech Corporation Postpones Special Shareholder Meeting to May

GLG Life Tech Corporation, a notable leader in the zero-calorie natural sweetener sector, has announced a change in schedule for its forthcoming Special Shareholder Meeting. Originally slated for April 8, 2024, the gathering has now been moved to May 6, 2024. This adjustment will afford the company additional time to provide shareholders with pertinent information regarding the proposed transfer of its subsidiary, Qingdao Runde Biotechnology Co., Ltd.

The decision, as conveyed in the company's press release, stems from a commitment to ensuring that shareholders are fully informed before casting their votes on the Transfer Agreement. It follows a previous announcement dated February 20, 2024, regarding the intended transfer, and a subsequent Notice of a Special Shareholder Meeting released on March 4, 2024. Despite the delay, the Record Date for participation in the meeting remains set for March 5, 2024, with updated meeting materials to be distributed to shareholders of record as of this date.

GLG Life Tech continues to emphasize its dedication to sustainable practices and quality in the production and distribution of zero-calorie natural sweeteners, including stevia and monk fruit extracts, catering to the food, beverage, and dietary supplement markets. The company advises shareholders and interested parties to await the forthcoming meeting materials for detailed information on the agenda and proposals.