J&T Express EGM Secures 100% Support for S.F. Holding Share Swap and Charter Revision

Bulletin Express04-21

J&T Global Express Limited (J&T Express, 01519) announced that its Extraordinary General Meeting on 21 April 2026 approved two key resolutions with full shareholder support.\n\nResolution 1 authorised a major transaction involving (1) J&T Express subscribing for H-shares of S.F. Holding Co., Ltd. and (2) issuing new Class B shares to S.F. Holding under a general mandate. All 12.15 billion votes cast—comprising 9.71 billion Class A votes and 2.43 billion Class B votes—favoured the proposal. S.F. Holding, holding 150.30 million Class B shares, abstained from voting due to its material interest.\n\nResolution 2 approved amendments to the company’s Articles of Association and the adoption of an eighth amended and restated memorandum and articles. The motion received unanimous support, with 3.41 billion votes (representing every share that could vote) in favour and none against.\n\nAt the EGM, all seven board members—including Executive Director and CEO Mr Jet Jie Li—were present. Tricor Investor Services acted as scrutineer. As of the meeting date, J&T Express had 8.90 billion shares outstanding, of which 8.89 billion were eligible to vote on the second resolution and 8.74 billion on the first, after excluding treasury shares and specific shareholdings required to abstain.\n\nThe successful passage of both resolutions paves the way for closer strategic alignment between J&T Express and S.F. Holding and formalises updates to the company’s governance framework.

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