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Foxx Development Holdings Amends Charter, Enhances Board Governance

Story Highlights
  • Shareholders re-elected the board, ratified CBIZ CPAs, and approved a charter amendment on corporate opportunities at Foxx Development’s December 22, 2025 annual meeting.
  • Independent director Michelle Jie Shen joined Foxx’s board as audit chair, replacing Yiqing Miao, bringing extensive international financial expertise and reinforcing governance oversight.
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Foxx Development Holdings Amends Charter, Enhances Board Governance

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An update from Foxx Development Holdings ( (FOXX) ) is now available.

Foxx Development Holdings Inc. held its annual meeting of stockholders on December 22, 2025, at which shareholders elected five directors to serve until the 2026 annual meeting, ratified CBIZ CPAs P.C. as the company’s independent registered public accounting firm for the fiscal year ending June 30, 2026, and approved an amendment to its amended and restated certificate of incorporation involving the renunciation of corporate opportunities under Delaware law, which became effective upon filing a certificate of amendment on December 29, 2025. Independent director Yiqing Miao stepped down from the board upon the election of her successor, Michelle Jie Shen, who joined the board on December 22, 2025 and assumed the roles of audit committee chair and member of the nomination and compensation committees; Shen, an SEC-designated audit committee financial expert with more than two decades of international financial management experience at Philips and SPX, strengthens the company’s governance and financial oversight as evidenced by strong shareholder support, with more than 5.09 million of 6.96 million outstanding shares represented at the meeting and all proposals passing with an overwhelming majority.

More about Foxx Development Holdings

Foxx Development Holdings Inc. is a publicly listed company whose governance and financial oversight are managed by a board of directors and standard U.S. public company committee structures, including audit, nomination and compensation committees. The company is listed on Nasdaq and operates under U.S. securities regulations, engaging an independent registered public accounting firm and maintaining a Delaware corporate charter, signaling a focus on compliance with U.S. capital markets and corporate governance norms.

Average Trading Volume: 988,487

Technical Sentiment Signal: Sell

Current Market Cap: $26.01M

Find detailed analytics on FOXX stock on TipRanks’ Stock Analysis page.

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