Sunny Optical Seeks 10% Issue & Buyback Mandates, Charter Update and HKD1.206 Final Dividend

Bulletin Express04-24 16:48

Sunny Optical Technology (Group) Company Limited will convene its 2026 annual general meeting (AGM) on 27 May 2026 at 10:00 a.m. in Hong Kong to vote on several key proposals.

Key mandates • Directors request authority to allot and issue up to 10% of the existing issued share capital, equivalent to 107.90 million shares (based on 1.08 billion shares in issue, excluding 15.84 million treasury shares). • A parallel mandate would allow the repurchase of up to the same 10% threshold on-market. Shares bought back may be held as treasury shares for future re-sale or other purposes.

Governance actions • Re-election of five directors: executive directors Wang Tan Jiong, Wang Wenjie and Ni Wenjun; and independent non-executive directors Chen Gang and Ching Wan Fung. • Proposed adoption of a fully amended memorandum and articles of association to permit hybrid and electronic meetings, electronic voting, and a completed framework for treasury-share operations.

Dividend and timetable • A final dividend of HKD1.206 (approximately RMB1.059) per share is proposed, payable on 26 June 2026 to shareholders on record as of 8 June 2026. • Share transfer books will close 21-27 May 2026 for AGM attendance and 9-12 June 2026 for dividend entitlement.

Capital details • Issued share capital: 1,078.96 million shares of HKD0.10 each. • Treasury shares: 15.84 million, acquired for HKD1.02 billion in January 2026.

Meeting logistics • Proxy forms must reach Computershare Hong Kong Investor Services by 10:00 a.m. on 25 May 2026. • All AGM resolutions will be decided by poll.

The board recommends shareholders approve all agenda items, citing operational flexibility and modernised corporate governance.

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