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An announcement from Tuya, Inc. Class A ( (HK:2391) ) is now available.
Tuya Inc. has called its annual general meeting for June 18, 2026, in Hangzhou, where shareholders will review and adopt the audited consolidated financial statements for the year ended December 31, 2025, and vote on the re-election of several directors and the authorization of the board or its compensation committee to set director remuneration. Investors will also be asked to approve a broad share issuance mandate, empowering the board to allot and deal in additional Class A ordinary shares, convertible securities, and treasury share transfers, a move that increases the company’s financial and strategic flexibility but may have implications for future dilution and capital-raising activities.
The proposed general mandate would be additive to existing authorizations and covers a wide range of equity-linked instruments, excluding certain routine employee incentive plans and rights issues, thereby giving management more latitude to respond quickly to market opportunities or funding needs. This governance agenda, typical for dual-listed technology issuers, underscores Tuya’s effort to maintain board continuity while preserving room to use its equity capital structure as a strategic tool in a competitive global IoT landscape.
The most recent analyst rating on (HK:2391) stock is a Buy with a HK$28.00 price target. To see the full list of analyst forecasts on Tuya, Inc. Class A stock, see the HK:2391 Stock Forecast page.
More about Tuya, Inc. Class A
Tuya Inc., incorporated in the Cayman Islands and listed in both Hong Kong and New York, operates in the technology sector, providing Internet of Things (IoT) platform services. The company focuses on enabling smart devices and connected solutions for global manufacturers and brands, positioning itself within the broader smart-home and industrial IoT ecosystem.
Average Trading Volume: 39,165
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.35B
For an in-depth examination of 2391 stock, go to TipRanks’ Overview page.