Cocoon Holdings Limited has issued a circular convening its Annual General Meeting (AGM) for 11:30 a.m. on 15 June 2026 at The Center, Central, Hong Kong.
Key resolutions to be tabled:
• Share Repurchase Mandate – Directors request authority to repurchase up to 10% of the company’s issued share capital during the mandate period. – Based on 128.55 million shares outstanding as at 20 April 2026, the limit equates to 12.85 million shares. – Any repurchased shares will be cancelled; the bye-laws do not permit treasury shares.
• Share Issuance Mandate – Directors seek authority to allot and issue new shares up to 20% of issued capital (approximately 25.71 million shares). – An additional mandate would extend this limit by the number of shares actually repurchased under the buyback mandate.
• Board Composition – Independent non-executive director Ms Leung Yin Ting and executive director Mr Chau Wai Hing will retire by rotation and stand for re-election. – Ms Leung holds no shares; Mr Chau holds 0.66% (849,530 shares) of issued capital.
• Auditor – Re-appointment of McMillan Woods (Hong Kong) CPA Limited as independent auditor and authorisation for the board to set its remuneration.
Financial context:
The board states any repurchase would be funded from internal resources and executed only when deemed beneficial, with attention to maintaining adequate working capital and public float.
Share price performance (12 months to 20 April 2026) ranged between HK$0.169 and HK$0.390, with the latest month high/low at HK$0.255 / HK$0.211.
Shareholders must lodge proxy forms with Computershare Hong Kong Investor Services at least 48 hours before the meeting to vote by proxy; all resolutions will be decided by poll.
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