FAR International issues revised AGM proxy; seeks director re-elections, 20% share issuance mandate and M&A overhaul

Bulletin Express04-24

FAR International Holdings Group Company Limited has released a revised form of proxy for the annual general meeting scheduled for 7 May 2026 at 2:00 p.m. in Hangzhou, PRC. Shareholders must lodge the new proxy with Computershare Hong Kong Investor Services Limited by 2:00 p.m. on 5 May 2026 to ensure validity.

Key resolutions tabled for shareholder approval include:

1. Financial Statements • Consideration of the audited consolidated results for the year ended 31 December 2025, together with the directors’ and auditor’s reports.

2. Board Composition and Remuneration • Re-election of six directors: executive directors Mr. Wang Quan, Mr. Zhang Guangyang, Mr. Shi Dite and Mr. Wang Tiantian; and non-executive directors Mr. Yao Shenjie and Ms. Yi Yun. • Authorisation for the board to set director remuneration.

3. Auditor • Re-appointment of SHINGWING (HK) CPA Limited and authorisation for the board to fix its fees.

4. Capital Mandates • General mandate to issue, allot or deal with additional shares up to 20% of the company’s issued share capital (excluding treasury shares). • General mandate to repurchase shares up to 10% of issued share capital (excluding treasury shares). • Extension of the issuance mandate by the number of shares repurchased under the buy-back mandate.

5. Constitutional Update • Approval of amendments to the existing Memorandum and Articles of Association and adoption of a second amended and restated version.

Shareholders who previously submitted the original proxy form dated 15 April 2026 should note that lodging the revised form supersedes prior instructions; late submissions after the 5 May deadline will render both proxy forms invalid, requiring in-person voting at the meeting.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment