Onfolio Holdings (ONFO) Proxy filing summary

Executive summary

• The 2024 Annual Meeting will be held virtually on August 7, 2024, with shareholders voting on key proposals including director elections, auditor ratification, and a reverse stock split amendment.

• Shareholders of record as of June 17, 2024, are entitled to vote, with 5,107,395 shares outstanding.

• The Board recommends voting “FOR” all director nominees and all proposals.

Voting matters and shareholder proposals

• Proposals include electing five directors, ratifying Astra Audit & Advisory, LLC as auditor for 2024, and approving a reverse stock split at a ratio between 1-for-2 and 1-for-5 at the Board’s discretion.

• The reverse stock split aims to maintain Nasdaq listing compliance and potentially increase share price and liquidity.

• Shareholders may submit proposals for the 2025 meeting by March 7, 2025, for inclusion in the proxy statement.

Board of directors and corporate governance

• The Board consists of five members, four of whom are independent; Dominic Wells serves as CEO and Chair.

• Committees include Audit, Compensation, and Nominating & Corporate Governance, all compliant with Nasdaq rules.

• The Board values diversity and evaluates nominees based on experience, ethics, and commitment to shareholder interests.