CITIC Limited has issued a circular dated 29 April 2026 outlining key resolutions for approval at its Annual General Meeting scheduled for 26 June 2026, 11:00 a.m., to be held as a hybrid event at JW Marriott Hotel Hong Kong and via the Vistra eVoting Portal.
Key proposals are as follows:
1. General Mandates • Share Issue Mandate: Directors seek authority to allot and dispose of up to 20% of the company’s issued share capital, excluding treasury shares—equivalent to a maximum 2.91 billion shares based on the 29.09 billion shares outstanding as at the latest practicable date. • Share Buy-Back Mandate: Management requests approval to repurchase up to 10% of issued shares (2.91 billion shares), with repurchased stock to be cancelled or held as treasury shares subject to capital management needs.
2. Dividend Proposal • Final dividend of RMB0.385 per share for FY 2025, following an interim dividend of RMB0.20 per share paid on 21 November 2025. • Shareholders may elect to receive the final dividend in RMB or, by default, in HKD at the average RMB/HKD benchmark rate over the five business days to 26 June 2026. • Record Date: 7 July 2026; payment date: 21 August 2026. • Total annual distribution, including the interim payout, amounts to RMB17.02 billion.
3. Board Composition • Twelve directors—Xi Guohua, Zhang Wenwu, Liu Zhengjun, Wang Guoquan, Li Yi, Yue Xuekun, Yang Xiaoping, Li Zimin, Anthony Francis Neoh, Francis Siu Wai Keung, Xu Jinwu and Chen Yuyu—will retire by rotation and stand for re-election.
4. Other Items • Re-appointment of KPMG as external auditor with delegated authority to the board to fix remuneration. • Shareholders may submit proxy forms until 11:00 a.m. on 24 June 2026; the online portal opens at 10:30 a.m. on AGM day for electronic attendance, voting and Q&A.
If black-rain or typhoon signal No. 8 (or above) is in force between 9:00 a.m. and 1:00 p.m. on 26 June, the meeting may be postponed, with further details to be announced on the HKEX and company websites.
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