MTR Corp. Releases AGM Proxy Form Highlighting 2026 Meeting Agenda and Board Changes

Bulletin Express04-16 18:23

MTR Corporation Limited has issued the proxy form for its 2026 Annual General Meeting, outlining nine ordinary resolutions to be decided on 27 May 2026 at 11:30 a.m. The hybrid meeting will be held at the Grand Ballroom, Level B, Hong Kong Ocean Park Marriott Hotel, with simultaneous online access.

Key agenda items include:

1. FY 2025 Results and Dividend • Shareholders will vote to receive the audited financial statements and directors’ and auditors’ reports for the year ended 31 December 2025. • A final dividend for FY 2025 is proposed for approval.

2. Board Composition • Re-election of five incumbent directors: Andrew Clifford Winawer Brandler, Dr Bunny Chan Chung-bun, Sandy Wong Hang-yee, Professor Anna Wong Wai-kwan, and Dr Jacob Kam Chak-pui. • Election of one executive nominee, Ms Jeny Yeung Mei-chun, as a new board member. • Separate resolutions will seek shareholder approval for Ms Mary Huen Wai-yi and Mr Michael Wong Yick-kam to join the board as independent non-executive directors.

3. Auditor Re-appointment • KPMG is nominated for re-appointment as external auditor, with the board authorised to fix its remuneration.

4. Capital Management Mandates • A general mandate permitting the board to issue up to 10% of the company’s issued shares. • A buy-back mandate allowing repurchase of up to 10% of issued shares. • Authorisation for the board to offer a scrip dividend alternative for dividends declared from the passing date of the resolution up to the AGM held in the fifth year thereafter.

Logistics and Voting • Proxy forms must reach Computershare Hong Kong Investor Services by 11:30 a.m. on 23 May 2026, 48 hours before the AGM. • Shareholders may appoint multiple proxies; proxies can attend either in person or via the online platform. • Completion of the proxy form does not preclude shareholders from attending and voting at the meeting.

The proxy form includes detailed instructions for appointment procedures, personal data handling, and voting rights, ensuring compliance with Hong Kong regulations and the company’s Articles of Association.

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