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Tuya Inc. to Hold Annual General Meeting on June 19, 2025

MWN-AI** Summary

Tuya Inc., a leading global provider of AI cloud platform services, is set to hold its annual general meeting (AGM) on June 19, 2025, at 2:00 p.m. Hong Kong time. The meeting will take place at the Huace Center in Hangzhou, China, where shareholders will consider various proposed resolutions outlined in the AGM notice. The company encourages all shareholders and holders of American depositary shares (ADSs) to participate and vote in favor of the resolutions.

Eligibility to attend the AGM extends to holders of ordinary shares as of May 20, 2025, while ADS holders must provide voting instructions to The Bank of New York Mellon to exercise their rights. The AGM notice and proxy forms are accessible on Tuya's investor relations website, where shareholders can also find the company's annual report on Form 20-F, including audited financial statements for the year ending December 31, 2024.

Tuya Inc. is at the forefront of building an AIoT (Artificial Intelligence of Things) developer ecosystem, enabling smart solutions for a wide range of applications. The company offers a robust AI cloud platform equipped with Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS) capabilities. By fostering a dynamic global developer community, Tuya aims to drive innovations in smart devices and applications while adhering to principles of sustainability, security, and efficiency.

As Tuya prepares for its upcoming AGM, the board of directors has expressed full support for the proposed resolutions, positioning the company for continued growth in the expanding AI and IoT sectors. The commitment to enhancing the AIoT ecosystem highlights Tuya's ambition to remain a competitive leader in the market. For more information, stakeholders can reach out to the company's investor relations through the provided contact details.

MWN-AI** Analysis

As Tuya Inc. prepares for its Annual General Meeting (AGM) on June 19, 2025, shareholders may want to consider their positions carefully. The company is a key player in the AI cloud platform sector, focusing on integration and implementation of AI and IoT technologies. The AGM serves as a critical juncture for assessing the company's strategic direction and shareholder engagement.

Given the competitive landscape of AI and IoT, it is essential to evaluate Tuya’s performance based on its recent financial filings, particularly the annual report on Form 20-F for the fiscal year ended December 31, 2024. This document provides insight into revenue growth, profitability, and operational efficiency, which are all critical indicators of future performance.

Investors should pay attention to the proposed resolutions put forth in the AGM Notice as these may include significant corporate actions, potential mergers or acquisitions, and updates on business strategies that could affect the company’s trajectory. A supportive board of directors suggests confidence in future prospects, but shareholders should also consider underlying market conditions, innovation rates, and partnerships that Tuya may have fostered over the past year.

With this in mind, current and potential investors are advised to adopt a “hold” strategy as the AGM approaches. This stance allows for more data-driven decision-making based on the outcomes of the AGM, which could potentially influence stock performance amidst the volatility often experienced in tech markets. Additionally, those keen on participating should ensure they are familiar with the voting process, particularly for holders of American Depositary Shares (ADSs), to exercise their rights effectively.

In conclusion, while Tuya Inc. demonstrates promise within the AIoT ecosystem, caution and thorough analysis will continue to be paramount given the evolving technological landscape and market dynamics.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: PR Newswire

PR Newswire

SANTA CLARA, Calif. , May 16, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading AI cloud platform service provider, today announced that it will hold an annual general meeting of the Company's shareholders (the "AGM") at 2:00 p.m. ( Hong Kong time) on Thursday, June 19, 2025 at Huace Center, Building A, 3/F VVIP room, Xihu District, Hangzhou City, Zhejiang Province , China , for the purposes of considering and, if thought fit, passing each of the Proposed Resolutions as defined and set forth in the notice of the AGM (the "AGM Notice"). The AGM Notice and the form of proxy for the AGM are available on the Company's website at ir.tuya.com. The board of directors of the Company fully supports the Proposed Resolutions and recommends that shareholders and holders of American depositary shares ("ADSs") vote in favor of the Proposed Resolutions.

Holders of record of the Company's ordinary shares as of the close of business on May 20, 2025 ( Hong Kong time) are entitled to receive notice of, and to attend and vote at, the AGM or any adjournment or postponement thereof. Holders of record of ADSs as of the close of business on May 20, 2025 ( New York time) who wish to exercise their voting rights for the ADSs underlying Class A ordinary shares must give voting instructions directly to The Bank of New York Mellon, the depositary of the ADSs, if ADSs are held directly by holders on the books and records of The Bank of New York Mellon or indirectly through a bank, brokerage or other securities intermediary if the ADSs are held by any of them on behalf of holders.

The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2024 , with the U.S. Securities and Exchange Commission (the "SEC"). The Company's annual report on Form 20-F can be accessed on the Company's website at ir.tuya.com and on the SEC's website at http://www.sec.gov .

About Tuya Inc.

Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading AI cloud platform service provider with a mission to build an AIoT developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built AI cloud 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 AIoT 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
E-mail: ir@tuya.com

The Blueshirt Group
Gary Dvorchak , CFA
Phone: +1 (323) 240-5796
Email: gary@blueshirtgroup.co

HL Stategy
Haiyan LI-LABBE
Email: hl@hl-strategy.com

SOURCE Tuya Inc.

FAQ**

As a holder of Tuya Inc. American Depositary Shares each representing one Class A TUYA, what specific measures is the company planning to implement to enhance shareholder value over the next fiscal year?

As of October 2023, Tuya Inc. has not publicly detailed specific measures to enhance shareholder value in the upcoming fiscal year, but investors should watch for announcements related to strategic partnerships, product innovations, and potential cost optimization efforts.

Can the board provide insights into how Tuya Inc. plans to adapt its AI cloud platform services to stay competitive in the rapidly evolving AIoT landscape, particularly for holders of Tuya Inc. American Depositary Shares each representing one Class A TUYA?

The board is committed to enhancing Tuya Inc.'s AI cloud platform by integrating advanced AI capabilities, expanding partnerships, and continuously innovating to ensure competitiveness in the AIoT landscape for Class A TUYA ADS holders.

What is Tuya Inc.'s strategy for expanding its global developer community, and how does this initiative translate into tangible benefits for shareholders, specifically those holding American Depositary Shares each representing one Class A TUYA?

Tuya Inc. aims to expand its global developer community through partnerships and support programs, which enhances product innovation and market reach, ultimately driving revenue growth and increasing the value of American Depositary Shares for shareholders.

Considering the recent developments in the AI and IoT sectors, how does the company plan to address potential risks and opportunities to ensure sustainable growth for investors holding Tuya Inc. American Depositary Shares each representing one Class A TUYA?

Tuya Inc. aims to leverage advancements in AI and IoT by diversifying its product offerings, enhancing data security measures, and fostering strategic partnerships to capitalize on market opportunities while effectively mitigating associated risks, ensuring sustainable growth for investors.

**MWN-AI FAQ is based on asking OpenAI questions about Tuya Inc. American Depositary Shares each representing one Class A (NYSE: TUYA).

Tuya Inc. American Depositary Shares each representing one Class A

NASDAQ: TUYA

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