GigaCloud Technology Inc. (GCT) Earnings Call Transcript & Summary

Thank you. because the due notice of this meeting has been given and the quorum is present, I declare this meeting to be duly convened. In accordance with the Article 73 of the Articles Association, I hereby demand that each of the resolution to the vote of the meeting to be decided on the toll.

If you have already voted by proxy, you don't need to vote again now. So those in attendance on the virtual meeting website. If you haven't yet voted, or if you want to change your vote, you may do that during this meeting by clicking Vote Here on the virtual meeting website and following the instructions there. Please note that you must submit any vote by ballot before the post close at today's meeting in order for your votes to be count. The rules of conduct for the meeting have been posted on the virtual meeting website. And I would ask that everyone please respect the rules. The notice of this meeting was distributed to the shareholders of record as of the record date. As set out in the notice of this meeting, one proposal will be considered and voted on at this meeting. I will introduce the proposal, then the poll will close and we will hear a preliminary report from the Inspector of Elections and adjourn the business portion of the meeting. In relation to proposal number one, the wording of the resolution is as follows: Resolve as an ordinary resolution, the selection and appointment of Grant Thornton LLP, an independent registered public accounting firm as the independent auditor of GigaCloud Technology, Inc. for the fiscal year ending December 31, 2026, be and is hereby ratified and confirmed. A full description of Proposal #1 was set out in the proxy materials for the meeting. The Board of Directors of the company has recommended that the shareholders vote for the resolution in proposal #1. If you are voting today, you must submit your votes at this time in order for your vote to be counted by the inspector of elections. The inspector of elections will not consider ballots, proxies or votes or any changes or replications thereof submitted after the closing of the poll. We will now pause to give anyone a final chance to vote. We now seem to have all the ballots. And since all those desiring to vote by ballot have done so. I hereby declare the post closed. The ballots and proxies will be held in the possession of the Inspector of Election. The Inspector of Election will count the vote. We will announce shortly the preliminary results of the votes submitted by 11:59 p.m. Eastern Time on July 18, 2026 beer Internet and telephone voting and by mail. We will provide the final results by filing a current report on Form 8-K with the United States Securities and Exchange Commission as soon as possible. The final voting results will also be set out in the certificate of Inspector of Elections, which shall be attached to the minutes of this meeting. The Inspector of Elections, Lena Annik from Computershare has countered the vote of the shareholders, taking into account the Class A ordinary shares of the company carry 1 vote per share, and the Class B ordinary shares of the company carry 10 votes per share. I hereby reported that based on the proxy report generated by Computershare, the preliminary results of the voting submitted by 11:59 p.m. Eastern Time on July 8, 2026, via Internet and telephone voting and by mail are as follows: In relation to proposal #1, 91,715,812 of the votes were cast for the resolution. 31,636 of the votes were cast against the resolution. All shares which were not voted for or against the resolution, whether as a result of the shareholder not being present at the meeting. or abstaining from voting or as a result of a soil proxy or ballot paper have been excluded from voting and do not affect the outcome of the resolution. As more than half of the votes were voted for the proposed resolution. I hereby declare that Proposal #1 has been duly passed as an ordinary resolution of the company. The final vote results will be included in the Form 8-K that will be filed within 4 business days after this meeting. That concludes the business portion of the meeting. We are now turning into the Q&A section. Only shareholders of record as of the close of business on April 20, 2026 being the record date for the meeting, or their proxy holders may address the meeting. In this section, we will discuss a total of no more than 3 questions or comments rate. Each figure is limited to 1 question or comment, which must be no more than 2 minutes in link. Our Chairman of the meeting will only answer questions pertinent matters discussed at this meeting. The views and comments of all shareholders are welcome. However, the purpose of the meeting will be observed, and the Chairman will stop discussion on questions and comments that are irrelevant to the business of the company or the conduct of its operation, related to pending or threatened litigation, derogatory references that are not in good taste unduly prolonged longer than 5 minutes, substantially repetitious of statements made by other shareholders or discussion related to personal briefings. We have not received any questions or comments submitted by the shareholders virtually. I hereby declare the Q&A session closed. Larry?

Thank you for attending today's meeting. Since there is no other business, I hereby declare the Annual General Meeting of the company closed.

The meeting Chairman has declared the meeting close. This concludes the meeting. All the speakers and participants can disconnect the lines. Thank you.