Mao Geping Cosmetics Co., Ltd. (Hong Kong: 01318) has dispatched its 2025 Annual General Meeting (AGM) circular, detailing key financial outcomes and a slate of resolutions to be tabled on 24 April 2026 in Hangzhou.
Profit & Dividend • Standalone net profit for 2025 reached RMB 1.17 billion, lifting distributable profits to RMB 1.63 billion. • The Board proposes a final cash dividend of RMB 1.00 per share (tax inclusive), equating to an aggregate payout of about RMB 490 million. If approved, the dividend will be distributed on 26 May 2026 to shareholders on record as of 5 May 2026. The H-share register will be closed from 30 April to 5 May 2026 for entitlement determination.
Auditor & Governance Proposals • Ernst & Young is recommended for re-appointment as overseas auditor for FY 2026, with remuneration to be set by the Board. • Shareholders will vote on 2026 director remuneration and a new Remuneration Management System covering directors and senior executives.
Capital Management Mandates • The Board seeks a 12-month General Mandate to issue new H shares up to 3% of the Company’s issued share capital (excluding any treasury shares). • A parallel mandate would allow repurchase of up to 3% of issued H shares, funded from internal resources, to support long-term value and potential capital-management initiatives.
Articles of Association Update • Following the conversion of 228.34 million domestic shares into fully tradable H shares, Mao Geping’s entire equity base now comprises 490.19 million H shares. Corresponding amendments to the Articles of Association—reflecting share-class changes, updated governance provisions and alignment with 2023 PRC Company Law revisions—will be submitted for shareholder approval.
AGM Logistics • The AGM will be held at 2:30 p.m. (Hong Kong time) on 24 April 2026. H-shareholders must lodge transfer documents by 4:30 p.m. on 20 April 2026 to qualify for voting, as the register closes from 21 to 24 April 2026.
The Board recommends voting in favour of all proposed resolutions, citing alignment with long-term shareholder interests.