CAI Corp. (HKG:0080) will hold an extraordinary general meeting on Feb. 10 to seek shareholder approval for two equity transfer agreements involving share issuances, as well as the adoption of a new share scheme, according to a Tuesday Hong Kong bourse filing.

Shares of the firm were down more than 1% in Wednesday morning trade.

Under the proposals, shareholders will be asked to approve two equity transfer agreements with Longling Capital.

The first transaction involves consideration of about HK$52.3 million, to be settled through the issue of up to 145.2 million new shares at an issue price of not less than HK$0.36 per share.

The second transaction involves consideration of about HK$19.3 million, to be settled through the issue of up to 53.6 million new shares, also at a minimum issue price of HK$0.36 per share.

Separately, the company is seeking approval to adopt a 2026 share scheme, under which the scheme mandate limit will be set at 5% of the total issued shares, excluding treasury shares.