Delton Technology (Guangzhou) Inc. has released its AGM agenda, detailing plans to refresh the third session of its Board for a new three-year mandate.
Key Board Proposals • Re-election of Executive Directors: Chairman Mr. Xiao Hongxing and General Manager Ms. Zeng Hong will stand for another term. • Re-election of Non-Executive Director: Ms. Liu Jinchan. • Re-election of Independent Non-Executive Directors (INEDs): Ms. Chen Limei and Dr. Shi Ling. • New INED Nominee: Ms. Zhang Jin, jointly proposed by shareholders China Securities Investor Services Center and Guangdong Yueke Zhenyue No.1 Equity Investment Partnership, which collectively hold more than 1% of the company’s shares. • Retirement: Current INED Ms. Li Ying will step down at the AGM and will not seek re-election.
Tenure and Remuneration All directors elected or re-elected at the AGM will serve until the conclusion of the third Board’s three-year term. Each independent director—Ms. Chen Limei, Dr. Shi Ling and the proposed Ms. Zhang Jin—will receive annual remuneration of RMB0.10 million (before tax), consistent with prevailing market standards.
Shareholdings and Relationships • Mr. Xiao Hongxing directly and indirectly controls 228.81 million A-shares. • Ms. Zeng Hong controls 43.25 million A-shares through a controlled corporation. • Ms. Liu Jinchan is deemed interested in Mr. Xiao’s shareholding as his spouse. All other nominees reported no shareholdings in the company and affirmed no conflicts of interest.
Compliance and Independence The Nomination Committee confirmed that INED candidates meet the independence criteria under Hong Kong Listing Rules 3.13(1)–(8). Required disclosures under Listing Rules 13.51(2)(h)–(v) have been addressed, with no additional matters needing shareholder attention.
Next Steps The proposed director re-elections and election will be tabled as ordinary resolutions at Delton Technology’s 2025 Annual General Meeting. Incumbent directors will continue their duties until shareholders vote at the meeting. A circular providing full details and the formal AGM notice will be posted on the HKExnews and company websites in due course.
Comments