Yunfeng Financial Group Limited (Stock Code: 376) has released details of an upcoming extraordinary general meeting (EGM) scheduled for 18 December 2025. The key proposals include the adoption of a new 2025 Share Award Scheme and amendments to the existing 2022 Share Option Scheme, alongside revisions to the general mandates for issuing and buying back shares.

Under the 2025 Share Award Scheme, the total shares that may be issued for awards will not exceed 10% of the company’s issued share capital, while an additional 2% sublimit is set for service provider participants. According to available information, the scheme intends to align participants’ interests with shareholders and encourage long-term value creation. Existing plans under the 2016 Share Award Scheme are being terminated, although prior grants already vested remain unaffected.

Proposed amendments to the 2022 Share Option Scheme will bring the scheme in line with recent listing rule changes, introduce minimum vesting periods, and clarify a clawback mechanism to address circumstances like material misstatements or misconduct. In conjunction, Yunfeng Financial proposes to amend its general mandates to allow shares bought back in the market to be held as treasury shares, which can be transferred or sold if certain conditions are met.

Shareholders will be able to vote on these resolutions by electronic means at the EGM, where questions may be raised in real time, and electronic ballots cast. The board emphasizes that these measures aim to bolster operational flexibility, incentivize contributions to the Group, and maintain compliance with the updated regulatory frameworks.