Launch Tech Company Limited has issued a circular outlining key matters to be tabled at its Annual General Meeting (AGM) on 24 April 2026 in Shenzhen.
Dividend Proposal • The Board recommends a cash dividend of RMB0.41 per share (tax inclusive) for the financial year ended 31 December 2025. • Dividends will be declared in RMB; holders of Domestic Shares will be paid in RMB, while H-Share investors will receive HKD at HK$0.466 per share, based on an average exchange rate of RMB1 = HK$1.1368. • Record date: 7 May 2026. The H-share register closes 30 April–7 May 2026, with payment scheduled on or before 22 May 2026.
Repurchase Mandate • The Board is seeking a 12-month general mandate to repurchase up to 10 % of the Company’s issued H Shares—equivalent to a maximum of 15.66 million shares (based on 156.60 million H Shares in issue as of 31 March 2026). • Any repurchased shares will be cancelled, reducing registered capital accordingly. Execution is subject to approvals from the State Administration of Foreign Exchange and other PRC regulators.
Issue Mandate • A separate mandate would permit the Board to issue up to 20 % of each share class outstanding as of the AGM date—up to 50.71 million new Domestic Shares (from 253.56 million outstanding) and 31.32 million new H Shares (from 156.60 million outstanding). • The mandate remains valid until the next AGM, 12 months after approval, or until revoked.
Board & Auditor Re-appointments • Re-appointment of Executive Directors Mr Jiang Shiwen and Ms Huang Zhao Huan, and Non-executive Director Mr Peng Jian, to serve until the 2028 AGM. • Re-appointment of Da Hua Certified Public Accountants as external auditor, with remuneration to be set by the Board.
Key AGM Logistics • Date & Time: 24 April 2026, 3:00 p.m. • Venue: 10/F R&D Block, Launch Industrial Park, Shenzhen. • Share transfer books close 21–24 April 2026; shareholders must lodge transfers by 4:30 p.m. on 20 April 2026 to qualify for meeting attendance and voting rights.
Total issued share capital stands at 410.16 million shares, comprising 253.56 million Domestic Shares and 156.60 million H Shares.
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