Nexion Tech Sets 8 May 2026 AGM; Seeks 20% Issuance and 10% Buyback Mandates

Bulletin Express04-02

Nexion Tech will convene its 2026 annual general meeting on 8 May 2026 at 10:30 a.m. (Portion 2, 12/F, The Center, 99 Queen’s Road Central, Hong Kong). Shareholders recorded by 4:30 p.m. on 4 May 2026 are entitled to attend; the register will be closed from 5–8 May 2026.

Key ordinary resolutions to be tabled include:

1. Adoption of the audited consolidated financial statements for the year ended 31 December 2025, together with the directors’ and independent auditor’s reports.

2. Board composition • Re-election of Mr. Kenneth Vun as executive director. • Re-election of Mr. Lynch Stephen Joseph Chor, Mr. Yeung Chun Yue David and Ms. Lim Joo Seng as independent non-executive directors. • Authorisation for the board to fix directors’ remuneration.

3. Auditor re-appointment • Forvis Mazars CPA Limited is nominated to continue as independent auditor, with the board authorised to set its fees.

4. Issuance mandate • Directors may allot, issue or deal with shares—excluding treasury shares—up to 20% of the company’s issued share capital as at the meeting date. • The mandate includes authority to grant options, warrants or convertible securities, subject to GEM Listing Rule restrictions on pricing and instrument type.

5. Share buy-back mandate • The board may repurchase up to 10% of issued shares (excluding treasury shares) on the Stock Exchange or other recognised markets during the mandate period.

6. Extension mandate • The general issuance limit in Resolution 4 may be increased by the number of shares repurchased under Resolution 5, effectively allowing potential issuance of up to 30% of the issued share capital.

Voting on all resolutions will be conducted by poll in compliance with GEM Listing Rule 17.47(4).

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.

Comments

We need your insight to fill this gap
Leave a comment