TG Smart Energy AGM: Shareholders Endorse All Resolutions, Declare HK 0.14 Dividend With Scrip Option

TG Smart Energy announced that shareholders overwhelmingly approved every proposal at the company’s Annual General Meeting held on 27 May 2026 in Hong Kong. All eight ordinary resolutions and one special resolution were passed by poll, clearing the way for continued board mandates, a final dividend, and updated constitutional documents.

Key outcomes:

1. Financial Statements Adopted • The audited consolidated financial statements for the year ended 31 December 2025 were adopted with 2.66 billion votes in favour (99.999 %) and 0.03 million votes against (0.001 %).

2. Board Composition Confirmed • Re-elections of directors—Mr. Brian David Li Man-bun, Dr. Christine Loh Kung-wai, Mr. Peter Wong Wai-yee, and Mr. Zhou Heng-xiang—each secured at least 97.17 % support, ensuring continuity in governance.

3. Directors’ and Auditor’s Remuneration • Authority for the Board to set directors’ remuneration passed with 99.95 % approval. • Deloitte Touche Tohmatsu was re-appointed as auditor, backed by 98.51 % of votes, with the Board authorised to fix its remuneration.

4. Capital Management Mandates • Share buy-back mandate: Directors may repurchase up to 10 % of issued shares; 99.99 % voted in favour. • Issuance mandate: Directors may allot and issue shares up to 20 % of existing share capital; 96.89 % approval. • Extension mandate: The share issue limit may be increased by the amount of shares repurchased; 96.89 % approval.

5. Dividend Declaration • A final dividend of HK 14 cents per share for FY 2025, to be paid from the share premium account and offered with a scrip alternative, received near-unanimous backing (100.00 % support).

6. Constitutional Update • The new memorandum and articles of association were adopted, with 98.92 % of votes in favour, exceeding the 75 % threshold for special resolutions.

Voting base and participation: • Shares in issue at the meeting date: 3.67 billion. • Shares eligible to vote: 3.67 billion, after excluding 31,000 shares held by the share award scheme trustee, which abstained as required by listing rules. • All directors were present, and Computershare Hong Kong Investor Services acted as vote scrutineer.

The decisive endorsements provide TG Smart Energy’s board with a comprehensive mandate for capital management and governance initiatives while confirming a cash-and-scrip final dividend to shareholders.