K. Wah Intl Calls 17 Jun 2026 AGM; Seeks Director Re-election, 10% Share Buy-back Mandate, 20% Issuance Mandate and Adoption of New Bye-laws

Bulletin Express
04/29

K. Wah International Holdings Limited will convene its 2026 annual general meeting (AGM) at 11:30 a.m. on 17 June 2026 at the InterContinental Grand Stanford Hong Kong. Key resolutions will cover director re-election, renewal of share repurchase and issuance mandates, adoption of new bye-laws and approval of the 2025 final dividend.

The Board proposes to: • Re-elect Chairman Francis Lui Yiu Tung, Non-executive Director Moses Cheng Mo Chi and Independent Non-executive Director Nip Yun Wing. • Grant a share repurchase mandate of up to 10% of issued share capital, equivalent to approximately 0.32 billion shares based on the 3.15 billion shares outstanding as at the latest practicable date (23 Apr 2026). • Authorise a general mandate to issue, allot or transfer new shares—including any treasury shares—of up to 20% of issued capital, representing about 0.63 billion shares, plus an extension equal to shares actually repurchased under the buy-back mandate.

At the same time, shareholders will vote on a new set of bye-laws designed to: • Permit the Company to hold repurchased shares as treasury shares and resell them when appropriate. • Align the constitution with Hong Kong’s paperless listing regime, enabling hybrid and electronic general meetings and electronic voting.

The Board is recommending a final cash dividend of HK$0.01 per share for FY2025. The share registers will close 25–30 June 2026 for dividend entitlement and 12–17 June 2026 for AGM attendance.

If approved, the repurchase and issuance mandates will remain in force until the earlier of the 2027 AGM, expiry of the statutory period, or shareholder revocation. The circular notes that controlling shareholder interests total 53.44%, and a full utilisation of the repurchase mandate would raise that figure but is not expected to trigger a mandatory general offer under the Hong Kong Takeovers Code.

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