Infinity Logistics proposes 20% issue mandate and 10% buy-back; three executives up for re-election at 24 Jun AGM

Infinity Logistics and Transport Ventures Limited (Infinity Logistics) has issued a circular outlining key resolutions to be tabled at its annual general meeting (AGM) scheduled for 24 June 2026 at 10:00 a.m., with both physical and online attendance options.

Key proposals: 1. Capital mandates • General Mandate: Directors seek authority to allot, issue or deal in up to 412.80 million new shares, representing 20% of the 2.064 billion issued shares (excluding treasury shares) as of 22 April 2026. • Buy-back Mandate: Approval is requested to repurchase up to 206.40 million shares, or 10% of issued share capital. Any repurchased shares may be cancelled or held as treasury stock. • Extension Mandate: Shares bought back under the above mandate may be added to the shares issuable under the General Mandate.

2. Board composition • Executive Directors Dato’ Seri Chan Kong Yew (Chairman & CEO), Datin Seri Lo Shing Ping, and Mr Yap Sheng Feng will retire by rotation and offer themselves for re-election. • The Nomination Committee supports their re-election, citing their experience and contributions.

3. Auditor • Re-appointment of Nexia SSY PLT, Chartered Accountants, Malaysia, is proposed.

4. Shareholder logistics • Share register closure: 18–24 June 2026; record date: 24 June 2026. • Proxy forms must be lodged no later than 48 hours before the meeting. • Voting will be conducted by poll, and no shareholder is required to abstain.

Ownership and Takeovers Code: The largest shareholder group—2926 Holdings Limited, Dato’ Seri Chan Kong Yew and Dato’ Kwan Siew Deeg—holds 63.65% of issued shares. Full utilisation of the buy-back mandate would lift their combined stake to approximately 70.72%, remaining above the 25% public-float threshold and, per board assessment, not triggering a mandatory offer under Hong Kong’s Takeovers Code.

Funding impact: Directors state that exercising the buy-back mandate in full would not materially affect working capital or gearing, based on the 31 December 2025 audited position.

Share price reference: Over the twelve months to 22 April 2026, Infinity Logistics’ shares traded between HK$0.255 and HK$0.450.

The board recommends shareholders vote in favour of all resolutions at the forthcoming AGM.