Description of SeD Intelligent Home Inc. Common Stock Registered Under Section 12 of the Exchange Act
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Summary
This document describes the rights and features of SeD Intelligent Home Inc.'s common stock, which is registered under Section 12 of the Securities Exchange Act of 1934. The company has authorized 1 billion shares of common stock, with over 704 million currently issued and outstanding. Common stockholders have one vote per share, equal rights to any future dividends, and share equally in assets if the company is liquidated. There are no preemptive, subscription, or conversion rights. The stock is not currently listed or traded on any exchange.
EX-4.1 2 sedh_ex41.htm DESCRIPTION OF THE COMPANY'S COMMON STOCK sedh_ex41
Exhibit 4.1
DESCRIPTION OF THE REGISTRANT’S SECURITIES
REGISTERED PURSUANT TO SECTION 12 OF THE
SECURITIES EXCHANGE ACT OF 1934
As of March 30, 2020, SeD Intelligent Home Inc. has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended, our common stock.
Description of our Common Stock
The following description of our common stock is a summary and does not purport to be complete. It is subject to and qualified in its entirety by reference to our Articles of Incorporation and our Bylaws, each of which are incorporated by reference as an exhibit to the Annual Report on Form 10-K of which this Exhibit 4.1 is a part. We encourage you to read our Articles of Incorporation, our Bylaws and the applicable provisions of the Nevada Revised Statutes for additional information.
Authorized Capital Shares
SeD Intelligent Home Inc. has authorized 1,000,000,000 shares of common stock, $0.001 par value per share, of which 704,043,324 are issued and outstanding.
Voting Rights
Holders of our common stock are entitled to one vote for each share held on all matters submitted to a vote of our stockholders.
Dividend Rights
Since inception we have not paid any dividends on our common stock. We currently do not anticipate paying any cash dividends in the foreseeable future on our common stock. Although we intend to retain our earnings, if any, to finance the growth of our business, our board of directors will have the discretion to declare and pay dividends in the future. Payment of dividends in the future will depend upon our earnings, capital requirements, and other factors, which our board of directors may deem relevant. Holders of our common stock will have equal ratable rights to any dividends which may be declared.
Liquidation Rights
Holders of our common stock will share ratably in all assets legally available for distribution to our stockholders in the event of liquidation, dissolution or winding up of our affairs.
Other Rights and Preferences
Holders of our common stock do not have preemptive, subscription or conversion rights.
Listing
Our common stock is not currently quoted, traded or listed on any exchange.
