Lygend Resources & Technology Co., Ltd. will hold its 2026 annual general meeting (AGM) on 22 May 2026 at 4:00 p.m. (Hong Kong time) at the company’s R&D Park in Ningbo, Zhejiang. Shareholders will vote on a total of 11 resolutions—seven ordinary and four special—covering 2025 operating results, 2026 authorisations, and capital management measures.
Key ordinary resolutions: • 2025 Operating Reports: The meeting will consider the Directors’ Report and the Independent Directors’ duty-performance report for the year ended 31 December 2025. • Profit Distribution: Directors propose a 2025 profit distribution plan, details of which will be tabled for shareholder approval. • Auditor Renewal: The Board seeks to re-appoint Ernst & Young Hua Ming LLP and Ernst & Young as the Company’s auditors for 2026 and authorise the Board to set their remuneration. • Director Compensation: Shareholders will vote on the 2026 remuneration packages for all nine directors, with authority delegated to Chairman and Executive Director Mr Cai Jianyong to finalise service contracts and to the Remuneration Committee to execute subsequent assessments. • Liability Insurance: Approval is sought to purchase liability insurance for directors and senior management. • 2025 Related-Party Transactions: The AGM will review and confirm transactions with Lygend Investment, the Indonesian partner, and other related entities conducted during 2025.
Key special resolutions: • 2026 Bank Credit Lines and Guarantees: Management requests authority to arrange financing within approved limits and to provide associated guarantees through the Company or its subsidiaries. • Expected External Guarantees & 2026 Related-Party Transactions: A mandate is sought to grant guarantees up to an aggregate cap for the coming year, managed by senior executives. • H-Share Repurchase Mandate: The Board seeks a general mandate to repurchase up to 10% of the Company’s H-shares in issue (excluding treasury shares) as at the date of the resolution. • A-Share IPO Timeline: Shareholders will vote on extending the validity of the Company’s proposed A-share initial public offering and authorising the Board to handle all related matters for a listing on the Shenzhen Stock Exchange Main Board.
Proxy arrangements: • Shareholders may appoint the AGM chairman or another proxy to vote. • Completed proxy forms and any authorisation documents must reach Computershare Hong Kong Investor Services Limited or the Company’s Ningbo office at least 24 hours before the meeting. • Joint shareholders may only exercise voting rights through the first-named holder on the register.
The notice and circular containing full details of each resolution were published on 30 April 2026.
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