Hitek Global Inc. (HKIT) shareholders approved a name change to Biddance AI Systems, Inc. during the Annual General Meeting on July 29, 2026. This rebranding signals a strategic pivot toward the artificial intelligence sector. The board holds authority to implement the name change within one month of the approval.
Shareholders also sanctioned migrating the company’s legal domicile from the Cayman Islands to the British Virgin Islands. This move shifts the registered office to Road Town, Tortola, BVI. The company will adopt new articles of association compliant with BVI laws.
Approximately 93% of eligible votes participated in the resolutions. These decisions reshape Hitek’s corporate framework, branding, and legal jurisdiction.