SANVO Fine Chemicals Group Limited will ask shareholders to grant three key authorisations at the annual general meeting scheduled for 29 May 2026 in Hong Kong.
The board is proposing:
1. A general mandate to allot and issue up to 20% of issued shares. Based on 470.46 million shares outstanding on the 17 April 2026 record date, the mandate would allow management to issue up to 94.09 million new shares. The authority would remain in force until the next AGM or its earlier revocation.
2. A separate mandate to repurchase up to 10% of issued shares, equal to 47.05 million shares. Shares bought back may be cancelled or held as treasury stock subject to Cayman Islands law and Listing Rules.
3. An extension of the issue mandate by the number of shares actually repurchased under the buy-back mandate.
Board changes and audit matters
• Executive director Mr Ng Cheuk Lun and independent non-executive director Ir Daniel Lai are standing for re-election by rotation. • Moore CPA Limited is nominated for re-appointment as external auditor for another term.
Key dates
• Register of members closes 26–29 May 2026 (both days inclusive). • Cut-off for share transfer registration: 4:30 p.m. on 22 May 2026. • AGM: 3:00 p.m., 29 May 2026, Room 3302, 33/F, West Tower, Shun Tak Centre, Hong Kong.
All resolutions will be decided by poll. The board recommends shareholders vote in favour of the proposed mandates, director re-elections and auditor re-appointment.
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