Hangzhou SF Intra-city Industrial Co., Ltd. (SF Intra-city) reported that all five resolutions presented at the 8 June 2026 annual general meeting were approved by solid majorities, ensuring continuity in auditing, dividend policy and capital management flexibility.
Participation and Voting Strength • Shareholders representing 589.50 million voting shares—64.48% of the issued share capital excluding 3.12 million treasury shares—cast their votes via telecommunication. • All directors were in attendance, and Tricor Investor Services acted as vote scrutineer for both H shares and unlisted domestic shares.
Key Ordinary Resolutions Passed 1. FY2025 Financials & Reports: The audited consolidated financial statements and directors’ and auditors’ reports for the year ended 31 December 2025 were approved with 99.87% support (588.73 million votes in favour). 2. Dividend Decisions: Shareholders endorsed the board’s proposal to forego a 2025 final dividend while granting a mandate to declare a 2026 interim dividend, also with 99.87% approval. 3. Auditor Re-appointment: PricewaterhouseCoopers (PwC) was re-appointed as external auditor, receiving 99.48% of votes in favour (586.41 million).
Special Resolutions on Capital Management 4a. Issuance Mandate: The board secured authority to issue, allot or deal in new shares, convertible securities or resale treasury shares up to 20% of existing share capital (excluding treasury shares). The mandate passed with 98.98% approval. 4b. Share Repurchase: A separate mandate permits repurchase of up to 10% of the outstanding H-share float, adopted with 99.87% support.
Governance and Compliance The AGM was convened in line with PRC Company Law and the company’s Articles of Association. No shareholder was required to abstain or voted against any resolution, and no contrary intentions were disclosed in advance.
These approvals provide SF Intra-city’s board with expanded financial flexibility while confirming stakeholder support for its current strategic direction.
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