China Strategic Technology Group Limited has dispatched a circular calling shareholders to its annual general meeting on 22 May 2026 in Guangzhou. Key resolutions to be tabled include:
1. Board Composition • Eight directors—five executive (Gu Lin, Chen Youan, Lu Huasheng, Zhang Yuanqi, Ma Fujun) and three independent non-executive (Yao Xinguo, Boris Tadić, Chow Yin Kwan Yvonne)—will stand for re-election. • Gu Lin, Chen Youan, Lu Huasheng and Zhang Yuanqi joined the board in 2H 2025 and now seek formal election. • Monthly remuneration ranges from RMB1,000 for most executive directors to HK$30,000 for each independent non-executive director.
2. Capital Authorisations • Issue Mandate: authority to allot and issue up to 163.68 million shares, equivalent to 20% of the 818.41 million shares in issue as at 23 April 2026. • Repurchase Mandate: authority to buy back up to 81.84 million shares, or 10% of the share capital. • Extension Mandate: any shares repurchased can be added to the issue limit. • The mandates will expire at the next AGM, on the earlier of its conclusion or one year from approval.
3. Financial & Governance Items • Shareholders will receive the audited financial statements for the year ended 31 December 2025. • Re-appointment of Baker Tilly Hong Kong Limited as external auditor is proposed, with authority for the board to fix its remuneration. • All resolutions will be decided by poll; proxy forms must be lodged by 20 May 2026.
4. Share Capital & Market Data • The company had no treasury shares at the last practicable date. • Over the past year the share price traded between HK$0.58 (April 2025 low) and HK$1.45 (August 2025 high).
Management states there is no current intention to exercise the full mandates and will avoid repurchases that would reduce public float below 25% or materially strain working capital. Shareholders recorded by 18 May 2026 are entitled to vote.
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