China Everbright Ltd Sets 14 May AGM; Seeks 20% Issuance Mandate, 10% Buy-back Authority and Confirms HK$0.05 Final Dividend

Bulletin Express04-16 23:05

China Everbright Ltd will hold its 2026 annual general meeting on 14 May 2026 at 38/F, Everbright Centre, Wan Chai, Hong Kong. Shareholders will vote on:

• Renewal of a general mandate allowing directors to issue up to 20% of the company’s issued share capital, equivalent to 337.05 million new shares based on the current 1.69 billion shares outstanding (excluding any treasury shares).

• Renewal of authority to buy back up to 10% of issued shares, or 168.53 million shares, on the Stock Exchange.

• Extension of the issuance mandate by the number of shares actually repurchased under the buy-back mandate.

• Declaration of a final dividend of HK$0.05 per share for FY-2025, subject to approval. The register of members will close from 22 to 26 May 2026; eligible shareholders must be on the register by 26 May 2026, with transfers lodged by 4:30 p.m. on 21 May 2026.

• Re-election of five retiring directors: executive directors Lin Chun, An Xuesong and Su Yang; independent non-executive directors Law Cheuk Kin Stephen and Young Danqing Xu.

• Adoption of a new Articles of Association to facilitate hybrid/virtual meetings, electronic voting and the holding of treasury shares, and to align with updated Listing Rules.

• Re-appointment of KPMG as external auditor and authorisation for the board to set its remuneration, plus approval of directors’ fees for 2026.

Key timetable details: the shareholders’ register will be closed from 11 to 14 May 2026 for AGM attendance; last day for share transfers is 8 May 2026.

The board recommends shareholders vote in favour of all resolutions. No corporate gifts or catering will be provided at the meeting.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment