Taung Gold International Limited will convene its Annual General Meeting (AGM) on 28 August 2026, 11:00 a.m., at Unit 1901, 19/F, Nina Tower, Tsuen Wan, Hong Kong. Key resolutions to be put to vote by poll include fresh share mandates, director re-elections, and auditor re-appointment.
General mandates • Repurchase Mandate: authorisation for on-market buybacks of up to 10% of issued share capital, equivalent to a maximum 181.51 million shares, based on the 1.82 billion shares outstanding as at 17 July 2026. • Issuance Mandate: authority to allot and issue new shares up to 20% of current issued capital, or up to 363.03 million shares; plus an additional mandate to extend this limit by the number of shares actually repurchased. Both mandates will remain effective until the next AGM.
Board composition • Executive Director Mr Phen Chun Shing Vincent and Independent Non-executive Directors (INEDs) Mr Li Kam Chung and Mr Tsui Pang will retire by rotation and stand for re-election. • Mr Li and Mr Tsui have each served as INEDs for more than nine years; the Board and Nomination Committee affirm their continued independence and recommend their re-appointment.
Auditor • Deloitte Touche Tohmatsu is nominated for re-appointment as external auditor for the year ending 31 March 2027. The estimated audit fee is set between HK$2.00 million and HK$2.20 million, excluding out-of-pocket expenses.
Capital structure and recent corporate actions • The company completed a 10-to-1 share consolidation on 8 August 2025, resulting in a par value of HK$0.10 per share. • As at the latest practicable date, issued share capital stands at 1.82 billion shares.
Administrative details • Shareholders must lodge proxy forms with Tricor Investor Services at least 48 hours before the AGM. • The register of members will be closed from 25 to 28 August 2026 (both days inclusive) for AGM eligibility.
The Board recommends shareholders vote in favour of all resolutions, citing alignment with the company’s operational flexibility and governance continuity.