Hong Kong, Dec. 12, 2024 — Abits Group Inc. (NASDAQ: ABTS), a digital data center operator focused on bitcoin self-mining, reported the results of its 2024 Annual Meeting of Shareholders, held December 10, 2024, in Hong Kong.

Shareholders elected Conglin (Forrest) Deng, Lionel Choong Khuat Leok, Tao Xu, Chuan Zhan, and Yanyan Sun to the Board of Directors; ratified Audit Alliance LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024; and approved a share consolidation of outstanding ordinary shares at a ratio between one-for-six and one-for-fifteen, the exact ratio to be determined by the Board, along with a corresponding amendment to the company’s articles of association.

About Abits Group Inc

Abits Group Inc., formed in May 2021 (formerly Moxian (BVI) Inc.), is the result of a merger with Moxian, Inc. in August 2021. It’s a digital company with self-mining operations in Tennessee via wholly owned U.S. subsidiaries.

Forward-Looking Statements

This announcement includes forward-looking statements under Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements, using terms like “will,” “expect,” “anticipate,” and similar expressions, involve risks and uncertainties that could significantly affect actual results. These risks include, but aren’t limited to, the company’s goals and strategies; business development; financial performance; market growth; relationships with partners; competition; and regulatory matters. More details on these risks are in the company’s SEC filings. Information provided is current as of the publication date and is not obligated to be updated.

For further information, please contact:

Wanhong Tan
Chief Financial Officer
+852 9855 6575

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