Akeso to Seek 20% Issuance Mandate, 10% Buy-back Authority at 29 June AGM

Bulletin Express06-05 18:44

Akeso will convene its annual general meeting (AGM) on 29 June 2026 at 14:00 in Zhongshan, Guangdong. Shareholders will vote on four core proposals:

1. Capital Authorities • Issuance Mandate: Directors may allot and issue up to 20% of existing share capital, equivalent to 184.23 million shares, based on the current 921.14 million shares outstanding. • Repurchase Mandate: Directors may buy back up to 10% of issued shares, or 92.11 million shares. • Extension Mandate: Any repurchased shares can be added to the issuance limit, effectively expanding the potential new-issue capacity.

2. Board Composition • Re-election of three retiring directors—executives Dr. Li Baiyong and Dr. Wang Zhongmin Maxwell, and non-executive director Mr. Xie Ronggang.

3. Auditor Appointment • Re-appointment of Ernst & Young as external auditor for the year ending 31 December 2026, with estimated fees between RMB2.30 million and RMB3.00 million.

4. Procedural Matters • Register of members will be closed from 24 June to 29 June 2026, inclusive. • Shareholders must lodge transfer documents by 16:30 on 23 June 2026 to qualify for voting. • Proxy forms must be submitted by 14:00 on 27 June 2026.

Akeso confirms it holds no treasury shares and has no immediate plans to issue new shares or execute buy-backs under the proposed mandates.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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