China National Culture Group Limited (CN Culture Group) announced that shareholders overwhelmingly endorsed the company’s proposed warrant-related resolution at the extraordinary general meeting held on 14 July 2026.
The single ordinary resolution—authorising directors to enter into the subscription agreements, issue the warrants and allot the underlying warrant shares—secured 25.70 million votes in favour, representing 99.99 % of ballots cast. Only 405 shares, or 0.01 %, were voted against the proposal.
All six directors attended the meeting in person or electronically. Independent audit firm McMillan Woods (Hong Kong) CPA Limited acted as scrutineer for the poll.
As at the meeting date, CN Culture Group had 234.37 million issued shares, all of which were eligible to vote. No shares were subject to voting restrictions or abstentions under the Hong Kong Listing Rules, and no shareholders had signalled an intention to oppose or abstain ahead of the meeting.
With more than half of the votes cast in favour, the resolution passed as an ordinary resolution, granting the board a specific mandate to proceed with the warrant issuance and related share allotment.
Comments