Deep Commerce (formerly East Asia Holdings) 17th AGM: Net profit up 79%, 3:1 share consolidation and name change proposals

Financial performance: 2025 consolidated revenue decreased 9% YoY to 356.6M CNY, but net profit surged 79% to 49.1B CNY, improving profitability; EPS 2.13 CNY (vs 1.58 prior year).
Shareholder returns: No dividends for the past two years; minor share buyback of 55,697 RMB was immaterial.
Share consolidation: Proposed 3:1 reverse stock split (from 36,874,745 shares to 12,291,581 shares) to stabilize stock price and enhance corporate value; expected to increase per-share price.
Name change: From 'East Asia Holdings Investment Limited' to 'Deep Commerce Limited' to reflect business image.
Articles amendment: Increase share issuance limit from 50% to 100% for financial needs and strategic alliances; raise independent director requirement to at least 1/3. Aimed at operational flexibility and governance improvement.
Subsidiary liquidation: Proposed liquidation of subsidiary Bulamuta (Xiamen) Trading Co., Ltd. for efficient management.
[AI Summary]Despite revenue decline, net profit growth confirms improved core profitability. The 3:1 reverse stock split is expected to stabilize share price by reducing float, but the expanded issuance limit introduces potential dilution risk, requiring cautious long-term valuation assessment.