NEW MEDIA LAB (the “Company”) has issued a circular convening its 2026 annual general meeting (AGM) for 14 May 2026 at 10:30 a.m. in Hong Kong. Key items on the agenda are summarised below:
1. Director Re-election • Executive Director and CEO Royce Lee and Independent Non-executive Director Kam Chiu Mak will retire by rotation and offer themselves for re-election. • The Nomination Committee confirmed both candidates meet the Company’s nomination and independence criteria.
2. Capital Mandates • Share Issue Mandate: Directors seek authority to allot and issue up to 20% of the Company’s issued share capital, equivalent to a maximum of 120.00 million new shares, based on the 600.00 million shares outstanding as at 8 April 2026. • Share Buy-back Mandate: Authority to repurchase up to 10% of issued shares, or 60.00 million shares, during the mandate period. Repurchased shares may be cancelled or held as treasury shares in line with Listing Rules. • Extension Mandate: The share issue limit may be increased by the number of shares actually repurchased under the buy-back mandate.
3. Dividend Proposal • Shareholders will vote on the declaration of a final dividend for the financial year ended 31 December 2025 (amount not yet specified).
4. Auditor Re-appointment • The Board recommends re-appointing Cheng & Cheng Limited as independent auditor for the next financial year.
5. Voting and Record Date • All resolutions will be decided by poll. • Shareholders must lodge share transfers by 4:30 p.m. on 8 May 2026 to be eligible to vote.
6. Shareholder Structure and Takeovers Implications • New Media Lab Group Holdings Limited and Double Blossoms Limited hold 52.50% and 15.00% respectively. Full utilisation of the buy-back mandate would raise their holdings to approximately 58.33% and 16.67%, remaining within public-float requirements.
Proxy forms must be submitted to Union Registrars Limited at least 48 hours before the meeting. No corporate gifts or refreshments will be provided at the AGM.
Comments