Nanfang Communication Holdings Limited has called its 2026 annual general meeting (AGM) for 24 June 2026 at 3:00 p.m. in Wan Chai, Hong Kong.
Key resolutions to be put to shareholders include:
• Capital mandates – Issue Mandate: Directors request authority to allot and issue up to 20% of the issued share capital. Based on the 1.63 billion shares outstanding on 20 April 2026, the mandate covers approximately 325.25 million shares. – Repurchase Mandate: Authorisation to buy back up to 10% of issued shares, equal to about 162.62 million shares. – Extension Mandate: Any shares repurchased may be added to the issue mandate, allowing the repurchase amount to be re-issued.
• Board composition – Re-election of four directors: non-executive director Yu Jinlai; executive director and CEO Shi Ming; independent non-executive directors Chan Kai Wing and Ju Hefeng. Chan, who has served since 2016, will be voted on via a separate resolution in accordance with Hong Kong’s Corporate Governance Code. – The Nomination Committee has confirmed the independence of Chan and Ju.
• Auditor – Re-appointment of BDO Limited as external auditor until the next AGM.
Shareholding context
As of the latest practicable date, controlling shareholder Pacific Mind Development Limited owns 840.00 million shares, or 51.65% of the company. Including connected family interests, the Yu family collectively controls 925.75 million shares, representing 56.93% of the register. A full 10% buyback would raise these percentages to 57.39% and 63.25%, respectively—within Takeovers Code thresholds and above the 25% minimum public float requirement.
Administrative details
The share register will close from 18 June 2026 to 24 June 2026 (both days inclusive). Only shareholders on record as at 24 June 2026 may attend and vote. Proxy forms must be lodged no later than 3:00 p.m. on 22 June 2026. All AGM resolutions will be decided by poll, with results published on the HKEX website after the meeting.
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