On 31 October 2025, CIFI Holdings (Group) Co. Ltd. (00884) held an extraordinary general meeting, during which all resolutions outlined in the circular dated 16 October 2025 were passed by poll. According to official information, major resolutions included the approval of a zero-coupon convertible bonds issuance under a specific mandate, the full conversion of a shareholder loan into ordinary shares, and the adoption of a new share award scheme. The relevant parties connected to these proposals abstained from voting as required by the Listing Rules.
The meeting approved the granting of share awards to several directors. Each proposal in this category received more than half of the votes cast, ensuring successful passage. Furthermore, the authorized share capital of the company increased from HK$2,000,000,000 to HK$5,000,000,000 by creating an additional 30,000,000,000 shares. Another resolution terminated the previous share option scheme adopted on 27 April 2016 and the previous share award scheme dated 18 December 2017.
Company records show that 10,509,202,397 shares were in issue as of the meeting date. The announcement confirmed the poll was scrutinized by an independent registrar, and all procedures complied with applicable rules. Full details of the resolutions can be found in the circular publicly accessible on the company’s website (www.cifi.com.cn) and the Hong Kong Exchanges and Clearing Limited website (www.hkexnews.hk).
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