Lemo Services Co., Ltd. has issued a proxy circular for its 2026 annual general meeting, scheduled for 10:00 a.m. on 18 May 2026. The hybrid meeting will be held at 21F, Building B, Wangxun Smart Center, 11 Keji East Road, High-Tech Zone, Fuzhou, Fujian, with simultaneous online participation via the eVoting Portal.
Key ordinary resolutions
• 2025 Performance Review: Shareholders will vote on the directors’ report, supervisory committee report, full-year annual report and audited consolidated financial statements for the period ended 31 December 2025, together with the proposed 2025 profit distribution.
• Auditor Continuity: The board proposes re-appointing KPMG as external auditor until the next AGM and authorising the board to set audit fees.
• Remuneration Authority: Directors seek a mandate to determine compensation packages for board members.
• Share Conversion & H-Share Circulation: Up to 32.33 million unlisted shares are proposed for conversion into H shares for listing on the Hong Kong Main Board. A separate resolution authorises the board and its delegates to complete all procedures related to full H-share circulation.
• Connected-Party Frameworks: – Fujian Rovos Agreements: New Manufacturing, Cooperation and R&D Framework Agreements signed on 20 March 2026 with undisclosed annual caps subject to shareholder approval. – Shanghai Maoyihui Agreement: Mechanical Massage Service Agreement, also dated 20 March 2026, together with its annual caps, requires approval. Each resolution empowers any director to execute supplementary documents deemed necessary.
Key special resolutions
• General Mandates: – Issue Mandate: Authorisation to issue additional shares and to sell or transfer treasury shares. – Repurchase Mandate: Authority to repurchase H shares.
• Corporate Governance Overhaul: – Articles of Association: Proposed amendments include abolishing the Supervisory Committee and reflecting the enlarged share capital. – Meeting & Board Rules: Amendments to the Rules of Procedure for General Meetings and for the Board of Directors align internal governance with updated regulations.
Proxy logistics
Shareholders wishing to appoint a proxy must lodge the completed form, together with relevant authorisations, with Tricor Investor Services Limited (17/F, Far East Finance Centre, Hong Kong) by 10:00 a.m. on 17 May 2026. Completion of a proxy form does not preclude shareholders from attending and voting in person.
The 16 resolutions collectively seek shareholder endorsement for Lemo Services’ 2025 financial reporting, capital management initiatives, connected-transaction frameworks and significant corporate governance changes.