IDT International Limited (IDT) reported that every resolution tabled at its 2025 Annual General Meeting on 11 May 2026 was approved with overwhelming shareholder backing, according to poll results released after the meeting.
Adoption of 2025 Financial Statements • Shareholders cast 312.86 million votes in favour of adopting the audited consolidated financial statements for the year ended 31 December 2025, with zero votes against.
Board Composition and Remuneration • Independent non-executive directors Ms Chen Weijie and Mr Mak Tin Sang were each re-elected with 100.00% support. • The board was authorised to determine directors’ remuneration, receiving unanimous approval from the 312.86 million votes cast.
Auditor Re-appointment • Forvis Mazars CPA Limited was re-appointed as external auditor, with the board also empowered to fix its remuneration. The motion received 312.86 million votes in favour and none against.
General Mandates • A mandate allowing directors to issue new shares—up to 20% of the company’s issued share capital, excluding treasury shares—was approved by 312.86 million votes for and 2,240 votes against (99.9993% support). • A separate mandate to repurchase shares up to 10% of issued capital was endorsed unanimously. • Shareholders also backed an extension of the issue mandate by the amount of shares repurchased, mirrored by the same 99.9993% approval level.
Shareholder Base and Meeting Administration • The company had 519.98 million issued shares eligible to vote at the meeting, with no restrictions or abstentions recorded. • All board members attended the AGM, and Union Registrars Limited acted as the independent scrutineer for vote-counting.
The near-unanimous outcomes reaffirm shareholder support for IDT’s existing governance structure and capital management flexibility for the coming year.
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