On 29 May 2026, Tongda Group convened its annual general meeting (AGM) in Hong Kong, where every motion on the agenda was approved by poll with overwhelming majorities.
The meeting covered nine ordinary resolutions, ranging from approval of the 2025 audited financial statements to the renewal of board and auditor mandates. All items received at least 97.9% of votes in favour, confirming solid shareholder support for the current management and corporate strategy.
Key outcomes included: • Financial statements and auditor report for the year ended 31 December 2025 adopted with 99.6% support (79.46 million shares in favour vs. 0.36 million against).
• Re-election of five directors—executives Wang Ya Nan, Wang Hung Man; independent non-executives Dr Yu Sun Say, Ting Leung Huel Stephen, and approval of directors’ remuneration—each secured at least 99.8% backing, except Mr Ting’s re-election, which still passed comfortably with 99.8% support.
• Re-appointment of the external auditor gained unanimous approval, receiving 79.82 million votes in favour with no opposition.
• Shareholders renewed key capital mandates: – Issuance mandate: Directors may allot up to 20% of the existing issued share capital (97.9% approval). – Share repurchase mandate: Authority to buy back up to 10% of issued shares passed with 100% support. – Extension mandate: The issuance limit can be increased by the number of shares repurchased, also approved by 97.9% of votes.
Union Registrars Limited acted as the independent scrutineer. As of the AGM date, Tongda Group had 194.71 million issued shares, all eligible to vote, with no treasury or repurchased shares outstanding.
The strong endorsement provides the board, chaired by Wang Ya Nan, with clear shareholder backing for continued operational and financial flexibility in the coming year.
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