Leoch International Technology Limited (Leoch Int'l, 00842) has issued a circular convening its annual general meeting (AGM) for 10:00 a.m. on 15 May 2026 at its Hong Kong office. Key resolutions to be tabled are:
1. Capital Authorisations • Issue Mandate: Directors request authority to allot, issue or transfer out of treasury up to 20% of the company’s issued share capital, equivalent to a maximum of 288.48 million new shares, based on the 1.44 billion shares outstanding as at 15 April 2026. • Repurchase Mandate: Board seeks permission to buy back up to 10% of shares in issue, or 144.24 million shares, during the mandate period. The mandates may be used independently or in combination; an additional resolution proposes extending the Issue Mandate by the number of shares actually repurchased. The board currently has no plan to issue or repurchase shares under these mandates.
2. Board Composition Shareholders will vote on the re-election of three executive directors: • Dr. Dong Li – Founder, Chairman and controlling shareholder (73.76% stake via Master Alliance Investment). • Mr. Wu Kouyue – Chief Executive Officer since December 2024; director since January 2026. • Ms. Hong Yu – Chief Financial Officer; director since April 2023.
3. Administrative Arrangements • Register of members closes 12–15 May 2026; transfers must be lodged by 4:30 p.m. on 11 May 2026 for voting eligibility. • All AGM resolutions will be decided by poll and results announced post-meeting. • Proxy forms must reach Tricor Investor Services by 10:00 a.m. on 13 May 2026 (48 hours before AGM).
4. Audit & Remuneration The AGM will also consider re-appointing Ernst & Young as external auditor and authorising the board to set directors’ and auditor remuneration.
The board recommends shareholders vote in favour of all proposed resolutions, stating that the mandates will provide funding flexibility and could enhance shareholder value while maintaining adequate working capital and public float requirements.
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