Feiyang International Holdings Group Limited (Feiyang Group) will hold its annual general meeting on 22 June 2026 at 11:00 a.m. in Ningbo, Zhejiang. Shareholders will vote on five core agenda items:
• Director re-elections – Executive directors Li Jieming, Huang Yu, Yan Haiguo and Chen Huiling, together with independent non-executive director Zhao Caihong, will retire by rotation and seek re-election. • Auditor re-appointment – CCTH CPA Limited is nominated to continue as external auditor for FY 2026 at an estimated fee of RMB1.00 million–RMB1.15 million, exclusive of out-of-pocket expenses. • Share repurchase mandate – The board requests authority to buy back up to 10% of the issued share capital, equivalent to a ceiling of 99.84 million shares, based on the current 998.40 million shares outstanding. • Issuance mandate – Directors also seek approval to issue, allot, or transfer treasury shares up to 20% of issued share capital, representing a limit of 199.68 million new shares. • Mandate extension – The share issuance limit may be increased by the number of shares repurchased under the new buy-back mandate.
The proposed mandates will remain in force until the earlier of the next AGM, the statutory deadline for holding that meeting, or their prior revocation.
Controlling shareholders He Binfeng and Qian Jie currently hold 328.95 million shares (32.95%). Full utilisation of the repurchase mandate would raise their stake to approximately 36.61%, a level that would trigger a mandatory offer under Hong Kong’s Takeovers Code.
Register closure is scheduled from 16 June 2026 to 22 June 2026 (both days inclusive). Proxy forms must reach Tricor Investor Services by 11:00 a.m. on 20 June 2026.
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