On December 26, 2022, the Board of Directors (the "Board") of Roan Holdings Group Co, Ltd. (the "Registrant") unanimously passed a resolution to amend the definition of "Class B Conversion Date" in the Registrant's Memorandum and Articles of Association (the "Amended M&A"). The Class B Conversion Date is the date on which all then outstanding Class B Preferred Shares of the Registrant shall automatically convert into Ordinary Shares of the Registrant. Under the Amended M&A, the Board is given the authority to amend the Class B Conversion Date on or prior to the then-applicable Class B Conversion Date, and thereby extend or reduce the maximum term for which the Class B Preferred Shares may be outstanding, by resolution and without approval of the holders of Class B Preferred Shares. The Class B Conversion Date was originally two years after the date on which the Class B Preferred Shares were issued. The Class B Conversion Date was previously amended to be (i) thirty months after such issuance date, (ii) thirty-three months after such issuance date, and thirty-six months after such issuance date. The Class B Conversion Date is now being amended to be March 31, 2023.
The Registrant has filed the Amended M&A with the BVI Registry of Corporate Affairs effective January 4, 2023. A copy of the Amended M&A is attached hereto as Exhibit 3.1.
Roan Holdings Group Co. Ltd. published this content on 10 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 January 2023 11:10:03 UTC.
Roan Holdings Group Co., Ltd., formerly China Lending Corporation, is engaged in providing loan facilities to micro, small and medium sized enterprises (MSMEs), and proprietors in the Xinjiang Uyghur Autonomous Region (Xinjiang Province) of the Peopleâs Republic of China. The Company offers loans to industries, including commerce, service, supply chain finance, manufacturing, real estate, mineral and energy, and others. Its subsidiaries include Adrie Global Holdings Limited (Adrie), Feng Hui Ding Xin (Beijing) Financial Consulting Co., Limited (Consulting) and Xinjian Feng Hui Jing Kai Direct Lending Limited (XWFOE). Adrie is a holding company that has no operations and no assets, and has ownership in Feng Hui Financial Group. Consulting is engaged in the business of providing risk management-related financial consulting services to third-party direct lending companies in China. XWFOE is focused on providing direct loans to MSMEs and proprietors in Xinjiang Province.
ROAN HOLDINGS GROUP CO., LTD. 
