The 2026 Annual General Meeting of Lygend Resources & Technology Co., Ltd. convened on 22 May 2026 in Ningbo concluded with every motion on the agenda approved by poll. Shareholder turnout was solid, with 1.28 billion voting shares—about 82.16% of the issued capital—cast on the bulk of the resolutions.
Key decisions and figures:
• Dividend: Shareholders endorsed a final dividend of RMB0.6 per share, equivalent to RMB933.56 million (before tax). The payout is scheduled for 18 June 2026. H-share holders will receive HKD0.69 per share, based on an exchange rate of HKD1.00 = RMB0.8733. The register of members closes 29 May–3 June 2026.
• Auditor: Ernst & Young Hua Ming LLP and Ernst & Young were re-appointed for the 2026 financial year, with the Board authorised to set remuneration.
• Director Matters: – Remuneration packages for all nine board members were approved. – Liability insurance for directors and senior management passed with 99.67% support.
• Related-Party Transactions: All proposed 2025 related-party transaction caps—including dealings with Lygend Investment, the Indonesian partner, and other affiliates—received shareholder consent.
• Financing & Guarantees: – A new 2026 bank credit-line framework and associated guarantees were sanctioned (98.99% in favour). – Expected external guarantees and related-party guarantees for 2026 were endorsed via special resolution.
• Share Capital Authorities: – A general mandate allowing buy-back of up to 10% of H-shares was granted (99.99% support). – The validity of the Company’s proposed A-share IPO on the Shenzhen Stock Exchange was extended, with Board authority renewed to handle related matters.
• Voting Mechanics: Computershare Hong Kong Investor Services and executive director/financial controller Mr Wang Ling served as scrutineers. All directors attended, either in person or electronically. No treasury shares are outstanding, and no shareholders signalled dissent or abstention beyond mandated related-party exclusions.
Following the AGM approvals, Lygend Resources will distribute the dividend as scheduled while advancing its financing, guarantee, and A-share listing plans under refreshed mandates.