Qilu Expressway Announces RMB240.00 Million Final Dividend, RMB301.00 Million Guarantee Cap and Auditor Re-appointment Ahead of 2025 AGM

Bulletin Express06-04

Qilu Expressway has released its circular for the 2025 Annual General Meeting (AGM), scheduled for 10:00 a.m. on 26 June 2026 in Jinan, Shandong Province. Key resolutions to be put before shareholders are as follows:

1. Dividend Proposal • A cash dividend of RMB0.12 per share (tax inclusive) has been proposed, representing an aggregate distribution of RMB240.00 million. • Subject to approval, the dividend is slated for payment on 25 August 2026.

2. Auditor Re-appointment and Fees • ShineWing Certified Public Accountants (Special General Partnership) and SHINEWING (HK) CPA Limited are nominated as domestic and overseas auditors, respectively, for the 2026 financial year. • Total audit remuneration is set at RMB0.50 million, determined with reference to business scale, industry characteristics and audit workload.

3. Projected Guarantees for 2026 • The Company seeks approval for guarantees not exceeding RMB301.00 million to its subsidiaries. • Major beneficiaries include Qilu Expressway (Shandong) Assembly Co., Ltd. (RMB150.00 million) and Qilu Expressway (Shandong) Energy Technology Company Limited (RMB51.00 million). All guarantees will be provided on a joint-and-several liability basis.

4. Additional Agenda Items • Review of the Board’s 2025 Work Report and the 2025 Annual Report. • Routine authorisations required under the Articles of Association.

5. Share Registration Details • Share transfer registration will be suspended from 23 June 2026 to 26 June 2026, inclusive. • Shareholders recorded on 26 June 2026 are entitled to attend and vote.

All voting at the AGM will be conducted by poll, with results to be disclosed on the HKEXnews website and the Company’s corporate site the same day.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment