Telecom Service One Holdings Limited (TSO) confirmed that every resolution tabled at its Annual General Meeting (AGM) on 27 August 2026 secured shareholder approval by poll, underscoring solid investor backing for the existing board and its proposed mandates.
All seven ordinary resolutions received near-unanimous support, with 90.07 million shares—representing approximately 70.20% of the 128.34 million issued shares—cast.
Key outcomes:
1. Financial statements and auditor’s report for the year ended 31 March 2026 were adopted with 100.00% of votes in favour.
2. Board composition remained unchanged as shareholders re-elected: • Mr. CHEUNG Fung Sunny (Executive Director) • Mr. CHEUNG King Shan (Non-Executive Director) • Mr. TSO Ka Yi (Independent Non-Executive Director) Each candidate secured 100.00% support.
3. The Board received authority to set director remuneration, backed by 100.00% of votes.
4. SHINEWING (HK) CPA Limited was re-appointed as external auditor, again with full approval.
5. An issuance mandate allowing directors to allot and issue up to 20% of the company’s share capital (excluding treasury shares) passed with 99.9999% support.
6. A repurchase mandate authorising buy-backs of up to 10% of issued shares gained 100.00% approval.
7. The share issuance mandate was extended to include any repurchased shares, sanctioned by 99.9999% of votes.
Union Registrars Limited acted as scrutineer, and all directors attended the meeting. No shareholder was required to abstain or indicated an intention to vote against any resolution. The AGM results reinforce TSO’s corporate continuity and provide the Board with flexibility to manage capital structure over the coming year.
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