Item
5.07. Submissions of Matters to a Vote of Security Holders.
As
previously reported, on September 10, 2021, Golden Path Acquisition Corporation, a Cayman Islands exempted company (the “Purchaser”
or “Golden Path”), MC Hologram Inc., a Cayman Islands exempted company (“MC” or the “Company”),
Golden Path Merger Sub Corp., a Cayman Islands exempted company and wholly-owned subsidiary of the Purchaser (the “Merger Sub”)
entered into a Merger Agreement (the “Merger Agreement”). After the consummation of the Business Combination, the Company
will be renamed “MicroCloud Hologram Inc.”
On
September 8, 2022, at 10:00 a.m., Eastern time, the Company held an Extraordinary General Meeting of its stockholders of record (the
“Extraordinary General Meeting”), at which the Company’s stockholders of record voted on the proposals set forth
below, each of which is described in detail in the Definitive Proxy Statement filed with the Securities and Exchange Commission (the
“SEC”) on August 12, 2022 and as supplemented on August 22.
As
of August 17, 2022, the record date for the Extraordinary General Meeting, there were 7,458,323 shares of common stock, par value $0.0001
per share, of the Company (the “Company Common Stock”) issued and outstanding and entitled to vote at the Extraordinary Meeting.
A total of 6,059,142 shares of the Company Common Stock, representing approximately 81.24% of the issued and outstanding shares of the
Company Common Stock, were present in person by virtual attendance or represented by proxy at the Extraordinary General Meeting, constituting
a quorum for the Extraordinary General Meeting. The final voting results for each proposal submitted to the stockholders of record of
the Company at the Extraordinary General Meeting are included below.
Each
of the proposals described below was approved by the Company’s stockholders of record. As of September 6, 2022, the end of the
redemption period for the shares of the Company Common Stock issued as part of the units in the Company’s initial public offering
consummated on June 24, 2021, an aggregate of 2,178,172 shares of the Company ordinary shares were tendered for redemption in connection
with the Extraordinary General Meeting.
Proposal
1:
Approval
of the Business Combination (the “Business Combination Proposal” or “Proposal 1”).
| For | |
Against | |
Abstain |
| 5,946,941 | |
124,002 | |
35,971 |
Proposal
2:
Approval
of the appointment of six (6) members to the Board of directors of Golden Path (the “Director Election Proposal” or “Proposal
2”).
NOMINEES:
| Name | |
For | | |
Withhold | |
| Guohui Kang | |
| 5,946,941 | | |
| 159,973 | |
| Wei Peng | |
| 5,946,941 | | |
| 159,973 | |
| Mi Zhou | |
| 5,946,941 | | |
| 159,973 | |
| Han Qin | |
| 5,946,941 | | |
| 159,973 | |
| Jun Liu | |
| 5,946,941 | | |
| 159,973 | |
| Xu Zhang | |
| 5,946,941 | | |
| 159,973 | |
Proposal
3:
Approval
for purposes of complying with the applicable provisions of Nasdaq Listing Rule 5635(d), the issuance by Golden Path of an aggregate
of 44,554,455 newly issued Golden Path ordinary shares to the MC shareholders pursuant to the Merger Agreement and the issuance of an
aggregate of 380,000 ordinary shares as compensation to Peace Asset Management for services provided by Peace Asset Management in connection
with sourcing MC as a business combination candidate (the “Nasdaq Stock Issuance Proposal” or “Proposal 3”).
| For | |
Against | |
Abstain |
| 5,946,941 | |
124,002 | |
35,971 |
Proposal
4:
Approval
by way of special resolution to change the name of Golden Path to MicroCloud Hologram Inc. (the “Name Change Proposal” or
“Proposal 4”). For the purposes of the laws of the Cayman Islands, the full text of the resolution is as follows: “RESOLVED,
as a special resolution, that the Company change its name from “Golden Path Acquisition Corporation” to “MicroCloud
Hologram Inc.” and, subject to the provisions of the Companies Act (Revised), the change of name shall take effect immediately
from the passing this resolution;”
| For | |
Against | |
Abstain |
| 5,946,941 | |
124,002 | |
35,971 |
Proposal
5:
Approval
by way of special resolution of all other changes in connection with the amendment, restatement and replacement of the Golden Path’s
memorandum and articles of association including, among other things, (1) making New Golden Path’s corporate existence perpetual,
and (2) removing certain provisions related to Golden Path’s status as a blank check company that will no longer be applicable
upon consummation of the Business Combination (the “Articles Amendment Proposal” or “Proposal 5”). For the purposes
of the laws of the Cayman Islands, the full text of the resolution is as follows: “RESOLVED, as a special resolution, that the
Memorandum of Association and the Articles of Association, copies of which are attached to the accompanying proxy statement, be and are
hereby adopted as the memorandum and articles of association of the Company in substitution for and to the exclusion of the Company’s
existing Memorandum of Association and Articles of Association;”
| For | |
Against | |
Abstain |
| 5,946,941 | |
114,002 | |
35,971 |
Proposal
6:
Approval
to adjourn the Extraordinary General Meeting under certain circumstances, which is more fully described in the accompanying proxy statement,
which we refer to as the “Adjournment Proposal” or Proposal 6”) and, together with the Business Combination Proposal,
the Director Election Proposal, the Nasdaq Stock Issuance Proposal, the Name Change Proposal, the Articles Amendment Proposal and the
Adjournment Proposal, the “Proposals.”
| For | |
Against | |
Abstain |
| 5,946,941 | |
124,002 | |
35,971 |
Because
all of the other proposals had received the requisite approval, this Proposal 6 was rendered moot and not voted at the Special Meeting.