Shenzhen-based SDMC Technology has released its 2025 annual general-meeting (AGM) circular, outlining key resolutions to be put before shareholders on 26 June 2026 in Shenzhen.
Credit facilities and guarantees • Management will request authority to secure up to RMB2.00 billion in综合授信 (comprehensive credit lines) from banks and other financial institutions for 2026, covering working-capital loans, bank acceptances, letters of credit, trade finance, guarantees and FX derivatives. • The Board also seeks approval to provide guarantees for wholly owned subsidiaries of up to RMB500.00 million during 2026. Both limits may be used on a rolling basis until the next AGM.
Capital management proposals • Share buy-back: a 12-month general mandate to repurchase up to 10% of outstanding H shares (≈20.94 million shares based on the current 209.39 million H-share count). • New issue mandate: a 12-month general mandate to issue, transfer or sell treasury shares of up to 20% of total issued share capital (≈41.91 million H shares). • No profit distribution for 2025 is proposed; the Board cites business development needs.
Board and auditor matters • Re-election of four executive directors (Li Bo, Yan Zhikang, Li Jun, Dang Hui) and three independent non-executive directors (Luk Pui Yin Grace, Yin Renyong, Zheng Qian) for the seventh Board term (three-year tenure). • Remuneration for each independent non-executive director is set at RMB0.12 million per annum. • Re-appointment of Ernst & Young as external auditor for FY 2026, with an expected audit fee of RMB1.80–2.20 million.
Other disclosures • The company confirms that granting the repurchase mandate would not reduce public float below Listing Rule requirements; controlling shareholders’ aggregate stake would rise from 33.26% to 36.95% if the mandate were fully exercised. • The AGM will vote on receiving the 2025 Board work report, independent directors’ performance report and accountants’ report for the year ended 31 December 2025.
Shareholders of record on 26 June 2026 are eligible to vote; the H-share register closes 23–26 June 2026. Proxies must be lodged by 2:00 p.m. (Hong Kong time) on 25 June 2026.
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