SANTA
CLARA, Calif., Nov. 1, 2022
/PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:
TUYA; HKEX: 2391), a global leading IoT cloud development platform,
today announced that each of the proposed resolutions submitted for
shareholders' approval (the "Proposed Resolutions") as set forth in
the notice of annual general meeting, notice of Class A meeting and
notice of Class B meeting, each dated September 15, 2022, Hong Kong time, have been adopted at the
meetings held in Hangzhou, China
today.
After the adoption of the Proposed Resolutions, all corporate
authorizations and actions contemplated thereunder are approved,
including, among other things, that (i) the Company's existing
memorandum and articles of associations are amended and restated by
their deletion in their entirety and by the substitution in their
place of the ninth amended and restated memorandum and articles of
association in the form as set out in Appendix IA to the circular
of the Company dated September 15,
2022, Hong Kong time; (ii)
the directors of the Company are granted a general unconditional
mandate to repurchase the Company's own shares and/or American
depositary shares; (iii) the directors of the Company are granted a
general unconditional mandate to allot, issue and deal with
additional Class A ordinary shares or equivalents; and (iv) Mr.
YANG Yi is re-elected as an executive director of the Company, Ms.
LIU Yao is re-elected as an executive director of the Company, and
Mr. YIP Pak Tung Jason is re-elected
as an independent non-executive director of the Company,
respectively, on the terms and in the periods as set out in the
notice of annual general meeting.
About Tuya Inc.
Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading IoT cloud
development platform with a mission to build an IoT developer
ecosystem and enable everything to be smart. Tuya has pioneered a
purpose-built IoT cloud development platform that delivers a full
suite of offerings, including Platform-as-a-Service, or PaaS, and
Software-as-a-Service, or SaaS, to businesses and developers.
Through its IoT cloud development platform, Tuya has enabled
developers to activate a vibrant IoT ecosystem of brands, OEMs,
partners and end users to engage and communicate through a broad
range of smart devices.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about the Company's
beliefs, and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and a number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement. In some cases, forward-looking statements can be
identified by words or phrases such as "may", "will", "expect",
"anticipate", "target", "aim", "estimate", "intend", "plan",
"believe", "potential", "continue", "is/are likely to" or other
similar expressions. Further information regarding these and other
risks, uncertainties or factors is included in the Company's
filings with the SEC. The forward-looking statements included in
this press release are only made as of the date hereof, and the
Company disclaims any obligation to publicly update any
forward-looking statement to reflect subsequent events or
circumstances, except as required by law. All forward-looking
statements should be evaluated with the understanding of their
inherent uncertainty.
Investor Relations Contact
Tuya Inc.
Investor Relations
E-mail: ir@tuya.com
The Blueshirt Group
Gary Dvorchak, CFA
Phone: +1 (323) 240-5796
Email: gary@blueshirtgroup.com
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SOURCE Tuya Inc.