Shuangdeng Group Proposes Board Restructuring and 2026 Share Option Scheme Ahead of May 2026 AGM

Bulletin Express05-04 23:05

On 4 May 2026, Shuangdeng Group Co., Ltd. announced two major governance initiatives that will be submitted to shareholders at the annual general meeting scheduled for 26 May 2026.

Key governance changes • Abolishment of the Supervisory Committee: Oversight responsibilities will be transferred to the Board’s audit committee. Existing supervisors will retire once the change is approved. • Board expansion: The number of directors will rise by two, adding one non-executive director and one employee representative, with corresponding amendments to the Articles of Association.

2026 Share Option Scheme • A new option plan, structured under Chapter 17 of the Hong Kong Listing Rules, will be presented for shareholder approval. • Issuance of options is contingent on both shareholder endorsement and Stock Exchange approval for the listing of shares to be allotted under the scheme.

Next steps A detailed circular, including the full text of proposed amendments and the share option scheme, will be dispatched to shareholders on 4 May 2026. Until the AGM vote, the Supervisory Committee will continue to operate under the current Articles of Association.

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