CNNC International will ask shareholders at the 29 May 2026 annual general meeting to approve three core resolutions:
• Capital management tools – Repurchase Mandate: directors seek authority to buy back up to 48.92 million shares, equivalent to 10% of the 489.17 million issued shares (treasury shares excluded) as at the meeting date. – General Mandate: authority to allot, issue or transfer out of treasury up to 97.83 million new shares, representing 20% of the issued share capital. – Extension Mandate: the share-issue limit may be increased by the number of shares actually repurchased.
The board states any buy-back will be funded from legally available resources and will not compromise working-capital or gearing levels. No shares have been repurchased in the six months to 20 April 2026.
• Board composition – Re-election of Non-executive Directors: Li Feng (Chairman), Wu Ge and Sun Ruofan. – Re-election of Independent Non-executive Director: Chan Yee Hoi. All four are eligible for re-appointment under the company’s rotation policy.
• Auditor – Re-appointment of SHINEWING (HK) CPA Limited for the FY 2026 audit with an estimated fee of HK$1.75 million–HK$2.15 million.
Ownership impact Major shareholder CNNC Overseas holds 326.37 million shares, or 66.72% of the register. Full utilisation of the repurchase mandate would lift this stake to about 74.13%, still within public-float requirements and below the mandatory takeover threshold.
Logistics The AGM will be held at 5/F, Harbour Grand Hong Kong, North Point, at 2:00 p.m. on 29 May 2026. The share register closes from 26 to 29 May; shareholders must be on record by 22 May to vote.
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