XJ ELECTRICS (Hu Bei) Group Co., Ltd has issued its notice for the 2025 Annual General Meeting (AGM), scheduled for 18 June 2026 in Shenzhen. Key resolutions to be tabled include endorsement of the 2025 financial statements, the 2026 budget, dividend distribution, auditor re-appointment, and new financing and guarantee limits for the coming year.
Dividend proposal • The Board recommends a cash dividend of RMB0.03483 per share (before tax) for FY-2025, translating into an aggregate payout of about RMB9.50 million based on 272,879,509 shares outstanding. • Record date: 9 July 2026; ex-dividend period for H-share investors runs from 6 July to 9 July 2026. • Payment is targeted for 24 July 2026, in RMB for domestic shareholders and HKD for H-share holders, converted at the average RMB/HKD rate for the five business days preceding the AGM.
Auditor re-appointment Deloitte Touche Tohmatsu (international) and Deloitte Touche Tohmatsu Certified Public Accountants LLP, Shenzhen Branch (domestic) are nominated to continue as external auditors for FY-2026, with remuneration to be set by the Board.
Financing capacity • Comprehensive credit facilities: The company seeks shareholder approval to secure up to RMB500.00 million in aggregate credit lines for FY-2026, covering working-capital loans, bank acceptance bills, letters of credit, and guarantees. Authorisation to execute related documents would rest with the Chairman and designated subsidiary representatives until the 2026 AGM.
• External guarantees: Management is also requesting an annual ceiling of RMB500.00 million for inter-company and parent-to-subsidiary guarantees during 2026. The Board, or its delegates, would be empowered to adjust individual guarantee amounts within this limit.
Operating outlook The Board projects “steady growth” in both operating revenue and net profit for 2026, citing stable regulatory conditions, unchanged tax and interest-rate frameworks, and generally consistent market demand. The projection assumes no material adverse events other than potential U.S. tariff escalations.
Meeting logistics The shareholder register for voting rights will be closed from 15 June to 18 June 2026. Share transfers must be lodged by 4:30 p.m. on 12 June 2026 with Tricor Investor Services to qualify for AGM participation. Proxies must be submitted by 10:00 a.m. on 17 June 2026.
All proposed resolutions are endorsed by the Board, which recommends shareholders vote in their favour at the forthcoming AGM.
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