Description of Capital Stock of Kenongwo Group US, Inc.
This document describes the authorized capital stock of Kenongwo Group US, Inc. The company can issue up to 110,000,000 shares of common stock, each with one vote per share and no cumulative voting rights. Dividends may be declared at the discretion of the Board of Directors, but the company currently does not plan to pay cash dividends, preferring to reinvest earnings into business growth. No preferred stock is authorized.
Exhibit 4.6
Authorized Capital Stock
We are authorized to issue up to 110,000,000 shares of our common stock, $0.0001 par value, there is no blank check preferred stock authorized.
Each share of our common stock entitles its holder to one vote in the election of each director and on all other matters voted on generally by our stockholders. No share of our common stock affords any cumulative voting rights. This means that the holders of a majority of the voting power of the shares voting for the election of directors can elect all directors to be elected if they choose to do so.
Holders of our common stock will be entitled to dividends in such amounts and at such times as our Board of Directors in its discretion may declare out of funds legally available for the payment of dividends. We currently intend to retain our entire available discretionary cash flow to finance the growth, development and expansion of our business and do not anticipate paying any cash dividends on the common stock in the foreseeable future. Any future dividends will be paid at the discretion of our Board of Directors.
