Time Watch Investments Limited (2033) has released a circular dated 28 October 2025 detailing its proposed general mandates to issue and repurchase shares, the re-election of directors, and a special dividend recommendation in preparation for the Company’s Annual General Meeting (AGM).

According to the circular, shareholders will be asked to consider granting the Board a general mandate to issue up to 20% of the Company’s issued shares, along with a repurchase mandate of up to 10% of its total issued shares, excluding any treasury shares. The meeting will also propose an extension mandate allowing the Board to increase the number of shares issuable by any shares repurchased under the repurchase mandate.

The Company further proposes the re-election of three independent non-executive directors: Messrs. Wong Wing Keung Meyrick and Choi Ho Yan, and Ms. Law Stacey Man Yee. Details regarding their backgrounds and independence are included in the circular.

The circular states that, subject to shareholder approval, a special dividend of HK$1.0 cent per share is recommended for the year ended 30 June 2025, to be payable on 11 December 2025. The record date for eligible shareholders is set for 28 November 2025.

The AGM is scheduled for 21 November 2025 at 10:00 a.m. at 14/F, Fairmont House, 8 Cotton Tree Drive, Central, Hong Kong. The circular provides information on voting procedures, proxy forms, and other procedural details related to the AGM.