Beijing Xunzhong Communication Technology Co., Ltd. (XUNZHONG) has issued a circular dated 24 April 2026 convening its 2025 Annual General Meeting (AGM) for 18 May 2026 in Beijing. Key resolutions and data points include:
• Meeting Arrangements – Date & time: 18 May 2026, 11:00 a.m. (Beijing) at the company’s Chaoyang District headquarters. – Record date: 13 May 2026; the H-share register will be closed from 13–18 May 2026.
• 2025 Reports – Shareholders will vote on the 2025 Board Report, audited financial statements prepared under CASBE and the full 2025 annual report. – The Board also seeks approval of the 2025 annual results announcement released on 31 March 2026.
• Dividend Policy – The Board recommends no final dividend for the year ended 31 December 2025.
• Remuneration Adjustments (2026) – Chairman and CEO Piao Shenggen’s annual remuneration is proposed to rise from RMB0.70 million to RMB2.20 million to reflect expanded responsibilities. – Independent non-executive directors will continue to receive RMB0.15 million per year each. – Senior management pay will remain performance-linked and subject to Board approval.
• Auditor Re-appointment – Da Hua Certified Public Accountants (Special General Partnership) is nominated to continue as external auditor for 2026 at an agreed annual fee of RMB0.50 million.
• Capital Mandates – Issue Mandate: authority to allot or deal with additional H-shares and/or dispose of treasury shares up to 20% of the current H-share count (maximum 6.09 million shares based on 30.44 million H-shares outstanding). – Repurchase Mandate: authority to buy back up to 10% of H-shares (maximum 3.04 million shares). – Any repurchased shares may be cancelled or held as treasury shares. – An extension mandate allows the issue limit to be increased by the volume of shares repurchased.
All resolutions require shareholder approval at the AGM. Proxy forms must be lodged at Tricor Investor Services Limited by 11:00 a.m. on 17 May 2026.
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