Hangzhou SF Intra-city Industrial Co., Ltd. (“SF Intra-city”) has released the circular for its 2025 annual general meeting, to be held via video conference on 8 June 2026 at 10:00 a.m.
Key agenda items:
1. 2025 Results Approval • Shareholders will vote on the audited consolidated financial statements and directors’ and auditors’ reports for the year ended 31 December 2025.
2. Dividend Policy • The board recommends no final dividend for 2025. • A mandate is sought to allow the board to declare an interim dividend for 2026.
3. Auditor Re-appointment • PricewaterhouseCoopers is nominated for another term, with an estimated 2026 audit fee capped at RMB 2.76 million.
4. Share Capital Mandates • Issue/Resale Mandate: Directors may allot, issue or deal with up to 20% of issued share capital and/or resell treasury shares—equivalent to 182.85 million H shares, based on 914.25 million shares outstanding (excluding 3.12 million treasury shares) as of 24 April 2026. • Repurchase Mandate: The board may buy back up to 10% of outstanding H shares, or 74.25 million shares, during the 12-month mandate period, subject to PRC regulatory approval.
5. Meeting Logistics • No physical attendance; shareholders must appoint the AGM chairman as proxy to vote. • Registration for online participation closes at 10:00 a.m. on 5 June 2026. • The share register will be closed from 3 June 2026 to 8 June 2026 (both days inclusive). Transfer documents must be lodged by 4:30 p.m. on 2 June 2026 to qualify for voting.
All resolutions will be decided by poll, and results will be published on the websites of the company and the Hong Kong Stock Exchange.
Comments