UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2024
Commission File Number: 001-40210
Tuya Inc.
10/F, Building A, Huace Center
Xihu District, Hangzhou City
Zhejiang, 310012
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
EXHIBIT INDEX
Exhibit No. | Description | |
99.1 | Press Release | |
99.2 | Announcement - Poll Results of the Annual General Meeting Held on June 20, 2024 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Tuya Inc. | |||
By | : | /s/ Yao (Jessie) Liu | |
Name | : | Yao (Jessie) Liu | |
Title | : | Chief Financial Officer |
Date: June 20, 2024
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Exhibit 99.1
Tuya Inc. Announces Results of Annual General Meeting
SANTA CLARA, Calif. June 20, 2024 /PRNewswire/—Tuya Inc. (“Tuya” or the “Company”) (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced the results of its annual general meeting (the “Annual General Meeting”) held at 3:00 p.m. Hong Kong time on June 20, 2024 in Hangzhou, China. The Company announced that each of the proposed resolutions submitted for shareholders’ approval as set forth in the notice of Annual General Meeting dated May 21, 2024, Hong Kong time, has been adopted at the Annual General Meeting.
About Tuya Inc.
Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading cloud platform service provider with a mission to build a smart solutions developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built cloud developer platform with cloud and generative AI capabilities that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, Software-as-a-Service, or SaaS, and smart solutions for developers of smart device, commercial applications, and industries. Through its cloud developer platform, Tuya has activated a vibrant global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness.
Investor Relations Contact
Tuya Inc.
Investor Relations
Email: ir@tuya.com
The Blueshirt Group
Gary Dvorchak, CFA
Phone: +1 (323) 240-5796
Email: gary@blueshirtgroup.co
Exhibit 99.2
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Tuya Inc.
塗鴉智能*
(A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability)
(HKEX Stock Code: 2391)
(NYSE Stock Ticker: TUYA)
POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON JUNE 20, 2024
References are made to the Notice (the “Notice”) of Annual General Meeting (the “AGM”) dated May 21, 2024 and the circular to the shareholders of the Company of even date (the “Circular”) of Tuya Inc. (the “Company”). Unless otherwise required by the context, capitalized terms used in this announcement shall have the same meanings as defined in the Circular and the Notice.
The Board is pleased to announce that the AGM was held at 3:00 p.m., Hong Kong time, on June 20, 2024 at Huace Center, Building A, 3/F VVIP room, Xihu District, Hangzhou City, Zhejiang Province, 310012, China.
All resolutions proposed at the AGM have been duly passed. As of the Share Record Date, the total number of issued Shares was 574,592,599 Shares, comprising 504,387,299 Class A Ordinary Shares and 70,205,300 Class B Ordinary Shares, which was the total number of Shares entitling Shareholders to attend and vote in favour of, against or in abstention on the resolutions proposed at the AGM. There was no Shareholder who was required to abstain from voting under the Listing Rules on any resolution proposed at the AGM, nor any Shareholder who was entitled to attend the AGM but was required to abstain from voting in favour of any resolution proposed at the AGM pursuant to Rule 13.40 of the Listing Rules. No Shareholder has indicated in the Circular that he or she intends to vote against or in abstention in respect of any resolution proposed at the AGM.
Accordingly, the total number of Shares entitling the holder to attend and vote on the resolutions numbered 1 to 10 proposed at the AGM was 574,592,599 Shares, comprising 504,387,299 Class A Ordinary Shares and 70,205,300 Class B Ordinary Shares. As at the date of this announcement, there were (i) no treasury shares held by the Company (including any treasury shares held or deposited with CCASS), and (ii) no repurchased Shares (including Class A Ordinary Shares and Class B Ordinary Shares) which are pending cancellation and should be excluded from the total number of issued Shares for the purpose of the AGM.
According to the Company’s ninth amended and restated memorandum and articles of association:
(i) | with regard to the resolutions numbered 1, 2(a)(i), 2(b), 3, 4, 5, 7(a), 7(b), 8, 9 and 10, each Class A Ordinary Share shall entitle its holder to one vote and the exercise of voting rights attached to each Class B Ordinary Share will be capped at ten votes on a poll at the AGM; and |
(ii) | with regard to the resolutions numbered 2(a)(ii), 2(a)(iii) and 6, each Class A Ordinary Share and each Class B Ordinary Share shall entitle its holder to one vote on a poll at the AGM. |
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In accordance with the provisions of the Listing Rules, voting on the resolutions proposed at the AGM was conducted by way of poll. The voting results in respect of the resolutions proposed at the AGM are set out as follows:
ORDINARY RESOLUTIONS |
NUMBER OF VOTES CAST AND PERCENTAGE (%) | TOTAL NUMBER OF VOTING SHARES |
TOTAL NUMBER OF VOTES CAST | ||||
FOR | AGAINST | ABSTAIN1 | |||||
1. | To receive, consider, and adopt the audited consolidated financial statements of the Company as of and for the year ended December 31, 2023 and the report of the auditor thereon. | Class A Ordinary Shares |
269,307,136 (99.999707%) |
790 (0.000293%) |
701 (-) |
269,307,926 | 269,307,926 |
Class B Ordinary Shares |
702,053,000 (100.000000%) |
0 (0.000000%) |
0 (-) |
70,205,300 | 702,053,000 | ||
TOTAL NUMBER (CLASS A & CLASS B) |
971,360,136 (99.999919%) |
790 (0.000081%) |
701 (-) |
339,513,226 | 971,360,926 | ||
The resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies) attending the AGM cast in favour thereof. | |||||||
2.(a)(i) |
To re-elect Mr. WANG Xueji as an executive Director. | Class A Ordinary Shares |
249,271,345 (91.877816%) |
22,036,088 (8.122184%) |
1,194 (-) |
271,307,433 | 271,307,433 |
Class B Ordinary Shares |
702,053,000 (100.000000%) |
0 (0.000000%) |
0 (-) |
70,205,300 | 702,053,000 | ||
TOTAL NUMBER (CLASS A & CLASS B) |
951,324,345 (97.736081%) |
22,036,088 (2.263919%) |
1,194 (-) |
341,512,733 | 973,360,433 | ||
The resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies) attending the AGM cast in favour thereof. | |||||||
2.(a)(ii) |
To re-elect Mr. HUANG Sidney Xuande as an independent non- executive Director. | Class A Ordinary Shares |
270,894,783 (99.848456%) |
411,149 (0.151544%) |
2,694 (-) |
271,305,932 | 271,305,932 |
Class B Ordinary Shares |
70,205,300 (100.000000%) |
0 (0.000000%) |
0 (-) |
70,205,300 | 70,205,300 | ||
TOTAL NUMBER (CLASS A & CLASS B) |
341,100,083 (99.879609%) |
411,149 (0.120391%) |
2,694 (-) |
341,511,232 | 341,511,232 | ||
The resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies) attending the AGM cast in favour thereof. |
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ORDINARY RESOLUTIONS |
NUMBER OF VOTES CAST AND PERCENTAGE (%) | TOTAL NUMBER OF VOTING SHARES |
TOTAL NUMBER OF VOTES CAST | ||||
FOR | AGAINST | ABSTAIN1 | |||||
2.(a)(iii) |
To re-elect Mr. KUOK Meng Xiong (alias GUO Mengxiong) as an independent non-executive Director. | Class A Ordinary Shares |
260,464,085 (96.003828%) |
10,841,852 (3.996172%) |
2,689 (-) |
271,305,937 | 271,305,937 |
Class B Ordinary Shares |
70,205,300 (100.000000%) |
0 (0.000000%) |
0 (-) |
70,205,300 | 70,205,300 | ||
TOTAL NUMBER (CLASS A & CLASS B) |
330,669,385 (96.825331%) |
10,841,852 (3.174669%) |
2,689 (-) |
341,511,237 | 341,511,237 | ||
The resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies) attending the AGM cast in favour thereof. | |||||||
2.(b) | To authorize the Board or the Compensation Committee to fix the remuneration of the Directors. | Class A Ordinary Shares |
271,229,534 (99.977887%) |
59,990 (0.022113%) |
18,503 (-) |
271,289,524 | 271,289,524 |
Class B Ordinary Shares |
702,053,000 (100.000000%) |
0 (0.000000%) |
0 (-) |
70,205,300 | 702,053,000 | ||
TOTAL NUMBER (CLASS A & CLASS B) |
973,282,534 (99.993837%) |
59,990 (0.006163%) |
18,503 (-) |
341,494,824 | 973,342,524 | ||
The resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies) attending the AGM cast in favour thereof. | |||||||
3. |
To grant a general mandate to the Directors to issue, allot, and deal with Class A Ordinary Shares and/or ADSs of the Company, or sell and/or transfer Class A Ordinary Shares out of treasury that are held as treasury shares not exceeding 20% of the total number of issued Shares (excluding any treasury shares) of the Company as of the date of passing of this resolution. |
Class A Ordinary Shares |
252,869,229 (93.212410%) |
18,413,564 (6.787590%) |
25,166 (-) |
271,282,793 | 271,282,793 |
Class B Ordinary Shares |
702,053,000 (100.000000%) |
0 (0.000000%) |
0 (-) |
70,205,300 | 702,053,000 | ||
TOTAL NUMBER (CLASS A & CLASS B) |
954,922,229 (98.108200%) |
18,413,564 (1.891800%) |
25,166 (-) |
341,488,093 | 973,335,793 | ||
The resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies) attending the AGM cast in favour thereof. |
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ORDINARY RESOLUTIONS |
NUMBER OF VOTES CAST AND PERCENTAGE (%) | TOTAL NUMBER OF VOTING SHARES |
TOTAL NUMBER OF VOTES CAST | ||||
FOR | AGAINST | ABSTAIN1 | |||||
4. |
To grant a general mandate to the Directors to repurchase Shares and/or ADSs of the Company not exceeding 10% of the total number of issued Shares of the Company (excluding any treasury shares) as of the date of passing of this resolution. |
Class A Ordinary Shares |
271,296,897 (99.998635%) |
3,704 (0.001365%) |
8,026 (-) |
271,300,601 | 271,300,601 |
Class B Ordinary Shares |
702,053,000 (100.000000%) |
0 (0.000000%) |
0 (-) |
70,205,300 | 702,053,000 | ||
TOTAL NUMBER (CLASS A & CLASS B) |
973,349,897 (99.999619%) |
3,704 (0.000381%) |
8,026 (-) |
341,505,901 | 973,353,601 | ||
The resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies) attending the AGM cast in favour thereof. | |||||||
5. |
To extend the general mandate granted to the Directors to issue, allot, and deal with additional Shares and/or ADSs, or sell and/ or transfer additional Shares out of treasury that are held as treasury shares, in the capital of the Company by the aggregate number of the Shares and/or Shares underlying the ADSs repurchased by the Company. |
Class A Ordinary Shares |
253,041,704 (93.267431%) |
18,265,976 (6.732569%) |
947 (-) |
271,307,680 | 271,307,680 |
Class B Ordinary Shares |
702,053,000 (100.000000%) |
0 (0.000000%) |
0 (-) |
70,205,300 | 702,053,000 | ||
TOTAL NUMBER (CLASS A & CLASS B) |
955,094,704 (98.123411%) |
18,265,976 (1.876589%) |
947 (-) |
341,512,980 | 973,360,680 | ||
The resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies) attending the AGM cast in favour thereof. | |||||||
6. | To re-appoint PricewaterhouseCoopers as auditor of the Company to hold office until the conclusion of the next annual general meeting of the Company and to authorize the Board to fix their remuneration for the year ending December 31, 2024. | Class A Ordinary Shares |
271,302,913 (99.998538%) |
3,966 (0.001462%) |
1,749 (-) |
271,306,879 | 271,306,879 |
Class B Ordinary Shares |
70,205,300 (100.000000%) |
0 (0.000000%) |
0 (-) |
70,205,300 | 70,205,300 | ||
TOTAL NUMBER (CLASS A & CLASS B) |
341,508,213 (99.998839%) |
3,966 (0.001161%) |
1,749 (-) |
341,512,179 | 341,512,179 | ||
The resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies) attending the AGM cast in favour thereof. |
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ORDINARY RESOLUTIONS |
NUMBER OF VOTES CAST AND PERCENTAGE (%) | TOTAL NUMBER OF VOTING SHARES |
TOTAL NUMBER OF VOTES CAST | ||||
FOR | AGAINST | ABSTAIN1 | |||||
7(a). | To approve and adopt the 2024 Share Scheme. | Class A Ordinary Shares |
249,255,155 (91.872455%) |
22,050,488 (8.127545%) |
2,984 (-) |
271,305,643 | 271,305,643 |
Class B Ordinary Shares |
702,053,000 (100.000000%) |
0 (0.000000%) |
0 (-) |
70,205,300 | 702,053,000 | ||
TOTAL NUMBER (CLASS A & CLASS B) |
951,308,155 (97.734598%) |
22,050,488 (2.265402%) |
2,984 (-) |
341,510,943 | 973,358,643 | ||
The resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies) attending the AGM cast in favour thereof. | |||||||
7(b). | To terminate the 2015 Equity Incentive Plan. | Class A Ordinary Shares |
271,296,213 (99.995778%) |
11,454 (0.004222%) |
961 (-) |
271,307,667 | 271,307,667 |
Class B Ordinary Shares |
702,053,000 (100.000000%) |
0 (0.000000%) |
0 (-) |
70,205,300 | 702,053,000 | ||
TOTAL NUMBER (CLASS A & CLASS B) |
973,349,213 (99.998823%) |
11,454 (0.001177%) |
961 (-) |
341,512,967 | 973,360,667 | ||
The resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies) attending the AGM cast in favour thereof. | |||||||
8. | To approve and adopt the Scheme Limit under 2024 Share Scheme. | Class A Ordinary Shares |
248,085,528 (91.440770%) |
23,221,819 (8.559230%) |
1,274 (-) |
271,307,347 | 271,307,347 |
Class B Ordinary Shares |
702,053,000 (100.000000%) |
0 (0.000000%) |
0 (-) |
70,205,300 | 702,053,000 | ||
TOTAL NUMBER (CLASS A & CLASS B) |
950,138,528 (97.614263%) |
23,221,819 (2.385737%) |
1,274 (-) |
341,512,647 | 973,360,347 | ||
The resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies) attending the AGM cast in favour thereof. |
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ORDINARY RESOLUTIONS |
NUMBER OF VOTES CAST AND PERCENTAGE (%) | TOTAL NUMBER OF VOTING SHARES |
TOTAL NUMBER OF VOTES CAST | ||||
FOR | AGAINST | ABSTAIN1 | |||||
9. | To approve and adopt the Service Providers Limit under 2024 Share Scheme. | Class A Ordinary Shares |
248,086,818 (91.441181%) |
23,220,722 (8.558819%) |
1,081 (-) |
271,307,540 | 271,307,540 |
Class B Ordinary Shares |
702,053,000 (100.000000%) |
0 (0.000000%) |
0 (-) |
70,205,300 | 702,053,000 | ||
TOTAL NUMBER (CLASS A & CLASS B) |
950,139,818 (97.614376%) |
23,220,722 (2.385624%) |
1,081 (-) |
341,512,840 | 973,360,540 | ||
The resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies) attending the AGM cast in favour thereof. | |||||||
10. |
To approve the Potential Treasury Securities Acquisitions (including the Acquisition Mandate) and to grant an advanced specific mandate to the Directors to conduct the Potential Treasury Securities Acquisitions not exceeding the Maximum Acquisition Amount. |
Class A Ordinary Shares |
271,294,816 (99.995295%) |
12,765 (0.004705%) |
1,046 (-) |
271,307,581 | 271,307,581 |
Class B Ordinary Shares |
702,053,000 (100.000000%) |
0 (0.000000%) |
0 (-) |
70,205,300 | 702,053,000 | ||
TOTAL NUMBER (CLASS A & CLASS B) |
973,347,816 (99.998689%) |
12,765 (0.001311%) |
1,046 (-) |
341,512,881 | 973,360,581 | ||
The resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies) attending the AGM cast in favour thereof. |
1 | According to the laws of the Cayman Islands, the Shares in abstention shall not be counted as votes cast at the AGM. |
The Company’s share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, acted as the scrutineer for the vote-taking at the AGM.
All Directors of the Company, namely Mr. WANG Xueji, Mr. CHEN Liaohan, Mr. YANG Yi, Ms. LIU Yao, Mr. HUANG Sidney Xuande, Mr. QIU Changheng, Mr. KUOK Meng Xiong (alias GUO Mengxiong) and Mr. YIP Pak Tung Jason attended the AGM, either in person or via electronic means.
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Treasury shares, if any and registered under the name of the Company, shall have no voting rights at the general meeting(s) of the Company. For the avoidance of doubt, for the purpose of the Listing Rules, the Company shall, upon depositing any treasury shares in the CCASS, abstain from voting at any of its general meeting(s) in relation to those shares.
By order of the Board | |
Tuya Inc. | |
WANG Xueji | |
Chairman |
Hong Kong, June 20, 2024
As at the date of this announcement, the Board comprises Mr. WANG Xueji, Mr. CHEN Liaohan, Mr. YANG Yi and Ms. LIU Yao as the executive Directors; and Mr. HUANG Sidney Xuande, Mr. QIU Changheng, Mr. KUOK Meng Xiong (alias GUO Mengxiong) and Mr. YIP Pak Tung Jason as the independent non-executive Directors.
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