Enterprise Development Holdings (1808) issued a circular announcing an extraordinary general meeting on 11 February 2026 in Hong Kong. The agenda includes ratifying a series of purchases and disposals of listed securities, addressing a possible major transaction mandate, and rectifying previous Listing Rules breaches.

According to the circular, the transactions involved on-market deals in shares of Tesla, Boeing, Meta, NVIDIA, and ProShares UltraPro. These activities collectively reached major transaction or very substantial disposal thresholds under Chapter 14 of the Listing Rules. The company identified lapses in timely disclosures and is seeking shareholder approval to ratify the relevant transactions.

The circular describes an internal control review indicating the need for better monitoring and approval processes. The company has established revised procedures and formed an investment working group to ensure compliance with regulatory requirements. It also proposes a “Disposal Mandate” for up to 20,000 Tesla shares over a nine-month period, with pricing capped at a maximum 15% discount to recent market averages and subject to a minimum selling price of US$221.86. The company states that potential proceeds would be used primarily to repay existing margin loans, subject to prevailing market conditions.

The EGM is scheduled to approve and rectify the transactions and authorize management to respond flexibly to market developments through the new disposal mandate. Shareholders are urged to review the circular and consider the proposed resolutions at the forthcoming meeting.