Thumbage passes capital reduction and deficit coverage resolutions with 100% approval at EGM, low attendance highlights financial risk

At the extraordinary general meeting, resolutions for capital reduction and transfer of capital reserve to retained earnings to cover deficit were passed with 100% approval.
Only 34.2% of outstanding voting shares attended, indicating low shareholder participation.
The purpose is to improve financial structure by covering accumulated losses; no dilution but reduction in shares outstanding may increase per-share value.
While no immediate negative impact, it signals underlying financial weakness and potential risk.