CNGR Advanced Material proposes bylaw changes to allow holding repurchased H-shares as treasury stock

Reuters03-30

CNGR Advanced Material proposes bylaw changes to allow holding repurchased H-shares as treasury stock

CNGR Advanced Material proposed amendments to articles of association to allow flexibility to cancel repurchased H shares immediately or hold them as treasury shares under Hong Kong listing rules.
Changes would bar voting rights or dividends on treasury shares, with treasury shares to be kept in a segregated Hong Kong Securities Clearing account.
Board also proposed adding a treasury share definition to bylaws, covering repurchased shares held in Hong Kong clearing system pending sale.
Amendments require shareholder approval at upcoming annual general meeting to take effect.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cngr Advanced Material Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260330-12078489), on March 30, 2026, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cngr Advanced Material Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. 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