Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. will hold its 2025 annual general meeting on 29 June 2026 in Pinghu, Zhejiang. Key items up for shareholder approval are as follows:
1. Operating and financial reports • 2025 annual report, audited accounts and board/supervisory* committee reports. • No cash dividend is proposed for 2025 as accumulated losses persist; a new dividend policy—committing to at least one distribution a year when conditions allow—will be tabled.
2. Auditor and fees • Re-appointment of PricewaterhouseCoopers as 2026 auditor. • Audit fee for 2025 was RMB 2.40 million; non-audit services to PwC Consulting totalled RMB 0.15 million. The 2026 audit fee is estimated at RMB 2.60 million–3.10 million.
3. Board remuneration • 2026 remuneration: non-executive directors to receive no pay; independent non-executive directors to receive RMB 150,000 each; executive directors to be compensated according to position and performance.
4. Capital management mandates • General mandate to issue up to 20% of issued H shares (excluding 8.04 million treasury shares), and authority to sell or transfer treasury shares. • Authority to repurchase up to 10% of issued H shares; repurchased shares may be cancelled or held as treasury stock.
5. Governance restructuring • Comprehensive amendments to the Articles of Association, including abolition of the Supervisory Committee; its statutory oversight duties will transfer to an expanded Audit Committee.
6. Board composition changes (cumulative voting) • Election of Dr. Yan Xiqiang as executive director. • Election of Ms. Lau Man Kei and Mr. Leung Wai Tai as independent non-executive directors.
7. Banking facilities and guarantees • Permission to obtain new credit lines equal to 25% of total assets and to provide guarantees—subject to caps of 50% of net assets (aggregate) and 10% of total assets (single guarantee)—for subsidiaries.
Logistics • Share register closes 24–29 June 2026; record date 29 June 2026. • Proxy forms must be lodged by 9:00 a.m. on 28 June 2026.
*Pending approval, the Supervisory Committee will be abolished.