Hengxin Technology Ltd. (HXTL) will convene its Annual General Meeting on 29 May 2026 at 11:00 a.m. in Admiralty, Hong Kong. Shareholders will vote on statutory items, key board renewals and two market-facing mandates that could reshape the company’s capital structure over the next 12 months.
Key agenda points:
1. Financial reporting • Shareholders will be asked to adopt the directors’ report and audited consolidated financial statements for the year ended 31 December 2025 under both International Financial Reporting Standards and Singapore Financial Reporting Standards (International).
2. Board composition • Five directors are standing for re-election: Chairman Cui Wei, executive directors Peng Yinan and Lau Fai Lawrence, and independent non-executive directors Lin Ting and Chan Hon Chung Johnny.
3. Remuneration • Total directors’ fees and salary for FY-2026 are proposed at HK$2.80 million, representing a 10.5% reduction from HK$3.13 million approved for FY-2025.
4. Auditor retention • Rongcheng (Hong Kong) CPA Limited and RSM SG Assurance LLP are nominated to continue as Hong Kong and Singapore auditors, respectively, with remuneration to be set by the board.
5. Capital authorities • Share Issue Mandate: The board seeks authority, valid until the next AGM, to issue new shares or instruments convertible into shares up to 20% of issued share capital (excluding treasury shares). • Share Purchase Mandate: The company may repurchase up to 10% of issued shares, via on-market or off-market transactions, at prices not exceeding the cap defined in the accompanying circular.
Administrative details • Share transfer books will close from 26 May to 29 May 2026 inclusive. The record date for AGM attendance and voting is 29 May 2026. Transfers must be lodged by 4:30 p.m. on 22 May 2026, while cross-border share removals between Singapore and Hong Kong registers must be completed by 4:30 p.m. on 15 May 2026.
The board currently comprises two executive, three non-executive and three independent non-executive directors. Approval of the proposed resolutions will confirm the company’s governance structure, set FY-2026 board compensation and provide management with flexibility to fund growth or return capital through share purchases over the coming year.
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