COSCO SHIPPING International (Hong Kong) Co., Ltd. has dispatched its AGM circular, scheduling the meeting for 29 May 2026 at 10:00 a.m. on the 47th floor of COSCO Tower, Hong Kong.
Key agenda items:
1. Director Re-election • Independent non-executive director Mr. Jiang Simon X., first appointed in 2007 and currently chair of the Remuneration Committee, will retire by rotation and stands for re-election. The Nomination Committee confirms his continued independence.
2. General Mandate to Issue Shares • Board seeks authority to allot and issue up to 293.19 million shares, equal to 20% of the 1.47 billion shares in issue as at 21 April 2026 (Latest Practicable Date). • An additional mandate would extend this limit by the number of shares repurchased under the buy-back authority, if approved.
3. General Mandate to Repurchase Shares • Company requests approval to repurchase up to 146.60 million shares, representing 10% of issued capital. • Any buy-backs will be funded from legally available sources and will not be executed to the extent that public float falls below 25%.
4. Dividends • Shareholders will vote on proposed final and special dividends for the year ended 31 December 2025. Record date for dividend entitlement is 30 June 2026; books close from 25 June to 30 June 2026.
5. Administrative Dates • Shareholders must lodge transfer documents by 4:30 p.m. on 22 May 2026 to be eligible to vote at the AGM. • Proxy forms must be submitted at least 48 hours before the meeting.
6. Audit Appointment • Re-appointment of SHINEWING (HK) CPA Limited as external auditor and authorisation for the Board to set its fee are on the agenda.
The Board recommends shareholders vote in favour of all resolutions, citing alignment with the company’s capital management strategy and governance practices. All resolutions will be decided by poll, and results will be released post-meeting as required by Hong Kong Listing Rules.
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