Olenox Industries (OLOX) Proxy Filing summary

Executive summary

• The annual shareholders meeting will be held virtually on December 29, 2025, to vote on ten key proposals, including director elections, auditor ratification, executive compensation, a merger, stock issuances, incentive plan amendments, and bylaw changes.

• The Board recommends voting in favor of all proposals, which include significant changes to capital structure and governance.

• Only shareholders of record as of November 21, 2025, are eligible to vote, with each share entitled to one vote.

Voting matters and shareholder proposals

• Proposals include electing seven directors, ratifying the auditor, advisory votes on executive compensation and its frequency, approving a merger with New Asia Holdings, and authorizing major stock issuances.

• Additional proposals seek to increase authorized common stock to 3 billion shares, amend bylaws for written consent, and allow adjournment to solicit more proxies if needed.

• The Board unanimously recommends a "FOR" vote on all proposals.

Board of directors and corporate governance

• Seven director nominees were recommended by the Nominating, Environmental, Social and Corporate Governance Committee and approved by the Board.

• The Board is led by a combined Chair/CEO, with a Lead Independent Director providing oversight.

• A majority of the Board and all committee members are independent under Nasdaq rules.

• The Board has established Audit, Compensation, Nominating/ESG, and Executive Committees.