CLP Holdings will convene its 28th Annual General Meeting (AGM) on 8 May 2026 at 11:00 a.m. in hybrid format, combining a physical meeting at Celebration Hall 1 & 2, Kai Tak Stadium, Hong Kong, with a live online webcast. Shareholders may attend in person or via the virtual platform, and electronic voting will be used in both venues.
Key agenda items 1. Financial reporting: Shareholders will receive the audited financial statements and directors’ and independent auditor’s reports for the year ended 31 December 2025. 2. Board composition: • Election of new Independent Non-executive Director Peter Wilhelm Hubert Brien, appointed in February 2026. • Re-election of four retiring directors—Betty Yuen, May Siew Boi Tan, Chunyuan Gu and Bernard Chan. • Christina Gaw will retire and not seek re-election. 3. Auditor: Re-appointment of PricewaterhouseCoopers (PwC) as independent auditor for 2026, with directors authorised to fix remuneration. PwC received HK$48 million for the 2025 audit, HK$8 million for permissible audit-related work and no non-audit fees. 4. General mandates: • Share issue mandate capped at 5 % of issued shares (excluding treasury shares); any issuance price may not exceed a 10 % discount to the benchmarked price. • Share buy-back mandate up to 10 % of issued shares (excluding treasury shares). No shares have been issued or repurchased under the existing 2025 mandates. • Directors reiterate commitment to use the mandates “sparingly and in the interests of all shareholders.”
Shareholder logistics • Proxy submission deadline: 11:00 a.m., 6 May 2026 (48 hours before AGM). Electronic proxy appointment is available. • Register closure: 5–8 May 2026 (both dates inclusive). Transfers must be lodged by 4:30 p.m., 4 May 2026 to qualify for voting. • Record date for voting entitlement: 8 May 2026. • One set of souvenirs will be provided per shareholder or proxy; online participants will receive theirs by post.
Governance highlights • Post-AGM board composition will maintain 54 % Independent Non-executive Directors and 31 % female representation, meeting the internal target of at least 30 % women. • Kadoorie family interests stand at 35.07 % of issued shares. The board confirms that exercising the full buy-back mandate would not trigger a mandatory general offer under Hong Kong’s Takeovers Code, provided share repurchases stay within the 10 % limit.
Share price reference During the 12-month period to 17 March 2026, CLP shares traded between HK$60.45 and HK$77.75.
Recommendation The board recommends shareholders vote in favour of all five resolutions. Voting will be conducted by poll except for purely procedural matters at the chairman’s discretion. Poll results will be published on the company and exchange websites by the next business day.
Comments