Shanghai Longcheer Technology Co., Ltd. (Longcheer) will convene its 2025 Annual General Meeting (AGM) at 14:00 on 8 May 2026 in Shanghai. Shareholders will vote on a series of ordinary and special resolutions that cover operational reports, capital allocation, auditor appointments and refreshed capital-market authorities.
Key ordinary resolutions:
1. Operating performance: Board and management will present the 2025 Work Report alongside the full Annual Report and summary.
2. Capital return: The 2025 Final Profit Distribution Plan will be tabled for approval.
3. Compensation oversight: Shareholders will confirm 2025 remuneration implementation and set the 2026 remuneration plan for directors and senior executives.
4. Governance and controls: • Appointment of A-share and H-share auditors for 2026. • Approval to deploy self-owned idle funds through entrusted wealth management. • Increase in estimated recurring related-party transactions for 2026. • Revision of the Remuneration Management Policy for directors and senior executives.
Special mandates requested:
1. Issue General Mandate – Board authorization to allot, issue or transfer up to 20% of total issued shares (excluding treasury shares) in A or H share form, effective for the shorter of 12 months, the next AGM or an earlier shareholder revocation.
2. Repurchase Mandate – Authority to buy back up to 10% of each share class (A and H, excluding treasury shares). The mandate lasts until the 2026 AGM or earlier revocation.
Logistics:
• H-share register closes 5–8 May 2026; shareholders on record by 8 May 2026 may attend and vote. • Proxy forms must reach Computershare Hong Kong Investor Services at least 24 hours before the meeting.
The Board is currently composed of four executive directors, including Chairman Du Junhong, and three independent non-executive directors.
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