Coastal GL AGM: Shareholders Reject Two Board Re-elections, Pass All Other Resolutions

Bulletin Express
09/11

Coastal Greenland Limited (Coastal GL) announced that its Annual General Meeting on 11 September 2026 approved all agenda items except the proposed re-elections of non-executive directors Qiu Guizhong and Zhou Xiya.

A total of 414.60 million shares were eligible to vote. Tricor Investor Services acted as scrutineer.

1. Financial statements for the year ended 31 March 2026 were adopted with 99.99 % support (218.27 million votes in favour). 2. Director matters • Executive director Jiang Ming was re-elected with 99.99 % approval. • Re-elections of non-executive directors Qiu Guizhong and Zhou Xiya were rejected, receiving only 29.15 % support (63.12 million votes in favour and 153.42 million against). Both ceased to hold office effective immediately. • The Board was authorised to fix directors’ remuneration with 99.99 % approval. 3. Prism Hong Kong Limited was re-appointed as auditor, also receiving 99.99 % support. 4. Shareholder mandates • General mandate to repurchase shares: 99.99 % approval (218.27 million votes). • General mandate to allot and issue new shares: 99.99 % approval (218.26 million votes). • Extension of the issue mandate to include repurchased shares: 99.99 % approval (218.26 million votes).

All approved items required a simple majority and met that threshold; the two failed board re-elections fell below 50 %. The current board now comprises executive directors Jiang Ming and Lin Chen Hsin, with independent non-executive directors Wong Kai Cheong, Yang Jiangang and Huang Xihua.

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