On 4 June 2026, CHINA NEWCITY (China New City Group Limited) reported that every resolution tabled at its Annual General Meeting passed with unanimous approval, underscoring solid shareholder confidence in the company’s governance and capital management strategy.
All six ordinary resolutions received 473.04 million votes in favour and none against, representing 100.00 % of votes cast. Key outcomes include:
• Financial Statements Adoption – Shareholders approved the audited consolidated results for the year ended 31 December 2025.
• Board Composition – Executive Director Mr Shi Nanlu and Independent Non-Executive Directors Mr Lam Yau Yiu and Mr Yuan Yuan were re-elected. The Board is authorised to set 2026 director remuneration.
• Auditor Continuity – Ernst & Young was re-appointed as external auditor, with remuneration to be determined by the Board.
• Capital Flexibility – Shareholders granted general mandates allowing the Board to (1) issue new shares, including disposal of treasury shares; (2) repurchase shares and decide on their cancellation or treasury status; and (3) extend the issue mandate by the number of shares repurchased.
AGM Logistics and Voting Base • Shares in issue: 1.84 billion, all carrying full voting rights. • No shareholders were required to abstain or voted against any item. • Tricor Investor Services Limited acted as vote scrutineer. • Seven directors attended, four in person and three via electronic means.
The unanimous results equip CHINA NEWCITY’s management with refreshed mandates to pursue strategic initiatives while maintaining continuity in board oversight and external auditing.
Comments