Modern Living AGM: All Resolutions Secure 100% Approval, Final Dividend Set at HK1.0625 Cents

Bulletin Express
05/29

Modern Living Investments Holdings Limited reported unanimous shareholder support at its 29 May 2026 annual general meeting, with every one of the eight ordinary resolutions receiving 599.65 million votes in favour—representing 100% of votes cast—and zero votes against.

Shareholders endorsed the following key items:

• FY2025 financial statements and directors’ and auditor’s reports were approved without objection. • A final dividend of HK1.0625 cents per share was sanctioned. Based on the company’s 800.00 million issued shares, the distribution represents a total cash outflow of approximately HK$8.50 million. • Re-election of executive directors Mr Pang Yat Ting, Dominic and Mr Ho Chu Ming, and independent non-executive director Mr Ng Kee Fat Ronny was confirmed. • The board was authorised to set directors’ remuneration. • PricewaterhouseCoopers was re-appointed as external auditor for FY2026, with fees to be determined by the board. • General mandates were renewed, allowing directors to issue up to 20% of the company’s existing share capital and to repurchase up to 10%. An extension mandate permits the addition of repurchased shares to the issuance limit.

Total shareholder attendance represented 74.96% of the company’s issued share capital (800.00 million shares). No shareholders were required to abstain from voting, and none indicated opposition beforehand. Tricor Investor Services Limited acted as the meeting’s scrutineer, and all directors were present in person.

With these approvals, Modern Living has cleared the path for its FY2025 dividend payout and maintained corporate governance continuity through director re-elections and auditor re-appointment while preserving capital management flexibility via refreshed share issuance and buy-back mandates.

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