Tuya Sets 2026 AGM to Approve Accounts, Board Slate and New Share Issuance Mandate

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2026.05.13 23:16
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Tuya, Inc. has scheduled its annual general meeting for June 18, 2026, in Hangzhou. Shareholders will review the audited financial statements for 2025, vote on director re-elections, and authorize a new share issuance mandate. This mandate allows the board to issue additional Class A shares and convertible securities, enhancing financial flexibility but potentially leading to dilution. The agenda reflects Tuya's strategy to maintain board continuity and leverage its equity capital in the competitive IoT market. The current analyst rating for Tuya's stock is a Buy with a target price of HK$28.00.