Phoenitron Holdings Limited has issued a circular ahead of its Annual General Meeting (AGM) scheduled for 10:00 a.m. on 21 May 2026 at the Royal Pacific Hotel, Hong Kong. Key resolutions are summarised below.
Mandates Sought • General issuance mandate: Directors request authority to allot, issue or transfer up to 132.76 million new shares—20% of the 664.13 million shares in issue (excluding 0.33 million treasury shares) as of 13 April 2026. • Share buy-back mandate: Authority to repurchase up to 66.38 million shares, representing 10% of the existing issued share capital. • Extension mandate: Number of shares repurchased under the buy-back mandate may be added to the issuance mandate.
Capital Structure Snapshot • Shares in issue: 664.13 million (including 0.33 million treasury shares). • Outstanding share options: 5.40 million. • Shares repurchased over the past six months: 0.33 million at prices between HK$0.31 and HK$0.35.
Board Changes • Re-election of three directors: Executive directors Ms Lily Wu (Chairman) and Mr Chang Wei Wen (CEO), and independent non-executive director Mr Chan Siu Wing, Raymond. • Mr Chan has served for more than nine years; his re-appointment will be voted on via a separate resolution in line with Hong Kong corporate-governance requirements.
Auditor • Re-appointment of Guangshen (Hong Kong) CPA Limited as external auditor and authorisation for the board to set remuneration.
Key AGM Logistics • Register of members closed: 18 May 2026–21 May 2026 (both dates inclusive). • Share transfer deadline for AGM eligibility: 4:30 p.m. on 15 May 2026. • Record date: 21 May 2026. • All AGM resolutions will be decided by poll.
Phoenitron’s board recommends shareholders vote in favour of the proposed mandates and director re-elections, citing flexibility for future financing and capital-management needs.
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