China Lesso Group Holdings Limited has dispatched its circular for the Annual General Meeting (AGM) to be held on 28 May 2026 in Hong Kong. Key proposals to be put to shareholder vote are as follows:
1. Capital mandates • Revocation of the existing general mandates granted in May 2025. • New Issue & Resale Mandate: Directors may allot, issue or transfer treasury shares of up to 20% of the 3.10 billion issued shares (excluding treasury shares) as at the meeting date—equivalent to a ceiling of 620.48 million shares. Any placement price must not exceed a 10% discount to the benchmarked price. • New Repurchase Mandate: Authority to buy back up to 10% of issued shares, i.e. a maximum of 310.24 million shares. Repurchased shares may be cancelled or held in treasury.
2. Board changes • Nomination of Mr Huang Jinchao (currently Group Vice-President and head of the new-energy business) for election as Executive Director; proposed three-year service contract with annual remuneration of HK$2.60 million plus discretionary bonus. • Re-election of five retiring directors: Mr Zuo Manlun, Ms Zuo Xiaoping, Mr Chen Guonan, Dr Song Keming and Ms Lu Jiandong.
3. Distribution to shareholders • Recommended final dividend of HK$0.20 per share for FY 2025; books close 10–12 June 2026 with last day to lodge transfers on 9 June 2026. Payment is scheduled on or about 10 July 2026.
4. Governance updates • Proposed amendments to the Memorandum & Articles to: – Permit holding and resale of treasury shares; – Align with Hong Kong’s paperless listing regime and electronic dissemination rules; – Formalise hybrid/virtual meeting arrangements and electronic voting; – Incorporate other housekeeping changes.
5. Other resolutions • Re-appointment of Ernst & Young as auditor and authorisation of directors to fix its remuneration. • Authority for the Board to determine directors’ remuneration.
Shareholders on record at close of business 28 May 2026 may attend and vote. Proxies must be lodged at Computershare Hong Kong Investor Services no later than 26 May 2026. Books closure for the AGM runs from 26–28 May 2026.
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