Ten Pao Group Holdings Limited has issued a circular convening its 2026 annual general meeting (AGM) for 12 June 2026 at 4:30 p.m. in Hong Kong. Key proposals and data points are as follows:
Shareholder Mandates • Share Repurchase: Directors seek authority to buy back up to 10% of issued shares (excluding treasury shares), equivalent to a maximum 103.04 million shares based on the current 1,030.39 million issued shares. • Share Issuance: A general mandate is requested to allot or deal with up to 20% of issued shares, or 206.08 million shares. • Extension Mandate: The new issue limit may be increased by the number of shares actually repurchased under the buy-back mandate.
Dividend Proposal • A final dividend of HK 6.6 cents per share for FY 2025 is recommended. • Shareholders recorded by 4:30 p.m. on 23 June 2026 will be entitled to the payout; the register closes 24–26 June 2026.
Board Composition Changes • Re-election: Founder, Chairman and CEO Mr. Hung Kwong Yee offers himself for re-election. • Retirements: Independent non-executive directors (INEDs) Mr. Chu Yat Pang Terry and Mr. Lee Kwan Hung Eddie will retire and not seek re-election. • Appointments: Mr. Cheung Chin Hoo and Ms. Ferheen Mahomed are nominated as new INEDs. Post-AGM committee reshuffles will install Mr. Cheung as Audit Committee chair and Ms. Mahomed as a member of the Remuneration and Nomination Committees; Dr. Lui Sun Wing will become Remuneration Committee chair.
Capital Structure & Shareholding • Issued share capital stands at 1,030.39 million shares. • Chairman Hung is deemed interested in 688.20 million shares, representing 66.79% of issued capital. • If the buy-back mandate were fully exercised with no other changes, his interest would rise to 74.21%, still leaving at least the 25% public float required by Hong Kong listing rules.
Administrative Details • Share register will close 9–12 June 2026 for AGM eligibility. Proxy forms must be lodged by 4:30 p.m. on 10 June 2026. • All AGM resolutions will be decided by poll; results will be published on the Stock Exchange’s website.
The board states that the proposed mandates, dividend and director changes are in the best interests of both the company and shareholders.
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