Mercurity Fintech Holding Inc. (CD) Earnings Call Transcript & Summary

Good morning, everyone. I'm Shi Qiu, the CEO and Director of Mercurity Fintech Holding. It's my pleasure to welcome you to our 2025 Annual General Meeting of shareholders. We are glad you are here today, and we appreciate your support of Mercurity Fintech. I'll start the formal business of this meeting by introducing Yukuan Zhang, our Chief Financial Officer, who will work as the secretary of this meeting. I will act as Chairman of this meeting. To continue the introduction. I would like to recognize the other directors who are here today, Shi Qiu and Wilfred. Our executive officers in tendency, including Shi Qiu, the CEO; Yukuan Zhang, the CFO; Wilfred, the CSO; and Karen Xian Operations Manager. The meeting will now come to order. Our first action in the general order of business will be to review the motions to be considered, then we will vote on those motions. After the voting, we will receive a preliminary report on the voting results, which will conclude the formal business of the meeting. We will adjourn the meeting and entertain the questions you may have about Mercurity Fintech. I will call your attention to the meeting rules of conduct. So to begin, I will ask Yukuan Zhang to confirm that the notice of this meeting was given and attest to presency of [ code ]. Yukuan Zhang?

Thank you Mr. Qiu. Matthew Windman of McCarter & English, LLP has been appointed inspector of elections to ascertain the number of shares outstanding and the voting power of each, determine the shares represented at the meeting and the validity of the proxies and ballots, count all votes and determine the results of the voting. I have received Matthew Windman's written-off of office as inspector, and I have been presented with evidence that Notice of this meeting was properly given to all shareholders of record as of the close of business on the record date, and there are at least two members entitled to vote present in person, including virtually or by proxy, representing no less than 1/3 of the total issued and outstanding ordinary shares entitled to vote at this meeting, which is sufficient for a quorum and for transacting the business of this meeting. Mr. Qiu, I found the quorum is present for the purpose of conducting business at this meeting. All holders of company's common stock as of the close of business on August 15, 2025, are entitled to vote at this meeting, either in person or by proxy, all business to come before this meeting.

Thank you. Those items to be considered at this meeting are the items set forth in details in the notice of Annual General Meeting of shareholders and the proxy state of the company each dated August 21, 2025 and mailed or made available to shareholders of the company. The first agenda -- the first item of the business on our agenda is the election of directors to serve until the next Annual General Meeting of Shareholders or until their respective successor shall have elected and qualified, Alan Curtis, Peter Nobel, Hui Cheng, Shi Qiu, Qian Sun, and Wilfred Daye have been nominated to work as directors. Yukuan Zhang has advised me that there were no others by shareholders submit to the company before this meeting. The second item on our agenda is to ratification of the election of Onestop Assurance PAC as the company's independent registered property accounting firm for the 2025 fiscal year. The third item on our agenda today is changing the name of Mercurity Fintech -- change the name of the company from Mercurity Fintech Holding Inc. to Chaince Digital Holdings, Inc. The fourth item on our agenda today is approval of the Mercurity Fintech 2025 equity incentive plan, a copy of which is marked Appendix A and has been initial by me for the purpose of indemnification. Are there any questions at this time to these agenda items for shareholders who are attending the meeting virtually. There is a Q&A button on the screen to submit your questions. Yukuan Zhang, may we open the polls.

Yes. I now declare the polls for this meeting to be open. If you have previously voted, it is not necessary for you to vote again unless you wish to change your vote. If there is any shareholder present who has not authorized a proxy to vote and wish to vote in person or who wishes to revoke a proxy previously submitted, please raise your hand and the Inspector of Elections will distribute a ballot to you. Any shareholder who is attending the meeting virtually via the Internet may also vote. If you are a shareholder of record with shares held through stock and wish to vote while attending the meeting virtually, click the resources button present on the screen during the meeting and follow the link to vote online. Your control number is required to vote. If you hold your shares through a bank, broker or other nominee as a beneficial owner, you will not be able to vote your share directly as is the case for the shareholders of record. As explained in the notice of Annual General Meeting, a beneficial owner who wishes to vote during the meeting must be obtained a legal proxy from its bank, broker or nominee giving it the right to vote its shares at the meeting. We cannot accept beneficial owners vote during the meeting unless both the legal, proxy and completed proxy card were received in advance. After the vote -- after the votes have been cast and the polls closed, the inspector will announce the preliminary results. Okay, open the polls. [Voting]

Okay. All ballots have been submitted, and everyone having had the opportunity to vote. I now announce that the polls for meeting are closed. We will now report the preliminary results of the vote. Matthew, please. Thank you.

Good morning. On the motion for the election of directors, more than a majority of the votes cast at this meeting were cast in favor of the election of Alan Curtis, Peter Nobel, Hui Cheng, Shi Qiu, Qian Sun and Wilfred Daye. On the motion for the ratification of the appointment of Onestop Assurance PAC as the company's independent registered public accounting firm for the 2025 fiscal year, more than a majority of the votes cast at this meeting were in favor of ratification. On the motion to change the name of the company from Mercurity Fintech Holding Incorporated to Chaince Digital Holding, Incorporated more than 2/3 of the votes cast at this meeting were cast in favor of the name change. On the motion to approve the MFH 2025 equity incentive plan, more than a majority of the votes cast at this meeting were cast in favor of approval.

Okay. Thank you, Matthew. Now I declare that all the proposed slate of directors has been duly-elected. The appointment of Onestop Assurance PAC as our independent registered public accounting firm for the 2025 fiscal year has been duly ratified, the change of the name of the company from Mercurity Fintech Holding Inc. to Chaince's Digital Holding Inc. has been approved as the Mercurity Fintech 2025, our equity incentive plan has been approved. I hereby direct the final results of the voting to be incorporated into the minutes of this meeting. The business for which this meeting has been held is now completed, and I declare the meeting formally adjourned. I will -- we will now answer questions you may have about the company. As a reminder, only company shareholders may ask a question. If you wish to ask a questions from the floor, please find the microphone and state your name, for stockholders attending virtually, please submit your questions through the designed field on virtual meeting portal as a matter of courtesy. Shareholders are limited to one question so that shareholders who designed to speak may do so. Any other questions? If there are no other questions, I want to thank you for coming today.