CMGE Technology Group Limited has released its circular for the 2026 annual general meeting (AGM), outlining several key proposals to be decided by shareholders on 29 May 2026 in Shenzhen.
Key Resolutions • Board composition: Four directors—Non-executive Director Liu Shanshan and Independent Non-executive Directors Ng Yi Kum, Tang Liang and Ho Orlando Yaukai—stand for re-election. • Auditor: Re-appointment of BDO Limited as external auditor, with an estimated audit fee of HK$5.15 million for the 2026 financial year. • Share buy-back mandate: Authorises repurchases of up to 10% of issued shares (excluding any treasury shares) during the mandate period. Based on 2,995.41 million shares in issue as at 22 April 2026 and assuming completion of the 122.95 million-share subscription, the ceiling is 311.84 million shares. • Share issue mandate: Empowers the Board to allot or transfer shares up to 20% of issued capital—equivalent to 623.67 million shares post-subscription—plus any shares repurchased under the above mandate. • Constitutional update: Adoption of a fourth amended and restated Memorandum and Articles of Association to align with the Hong Kong Stock Exchange’s paperless listing regime, allowing virtual meetings, electronic voting and electronic dividend payments.
Meeting Logistics • Date & venue: 29 May 2026, 10:00 a.m., 10/F, Building 4, Zhuoyue Meilin Centre Square, Futian District, Shenzhen. • Record date & book closure: Share transfer registration will be suspended from 26 May to 29 May 2026 (both days inclusive). • Proxy deadline: 27 May 2026, 10:00 a.m.; shareholders may vote in person or by proxy, with all resolutions to be decided by poll.
Share Capital Snapshot • Shares outstanding (22 Apr 2026): 2.995 billion. • Pending share subscriptions: 122.95 million new shares.
The Board recommends shareholders vote in favour of all proposals, citing benefits of refreshed governance, funding flexibility and regulatory compliance.
Comments