Yue Da International Holdings Limited (YUE DA INTL, 00629) announced that all seven ordinary resolutions tabled at its 15 May 2026 annual general meeting (AGM) were passed by poll with 100% of the 610.48 million shares cast voting in favour. Turnout represented approximately 52.25% of the 1.17 billion shares in issue.
Key AGM outcomes • FY 2025 financial statements and auditor’s report were adopted. • A final dividend of 0.55 HK cent per share was declared, implying a total distribution of about HK$6.43 million based on outstanding shares. • Re-election of directors: Mr. Hu Huaimin (non-executive), Dr. Teng Songsong (executive) and Mr. Yan Bingde (non-executive) were all re-elected. • The Board was authorised to set the maximum number of directors at 20, fill vacancies and determine directors’ and committee remuneration. • Jon Gepsom CPA Limited was re-appointed as external auditor. • Standard share issue and repurchase mandates were renewed.
Board changes and governance impact Independent non-executive directors (INEDs) Mr. Cheung Ting Kee and Ms. Zhang Yan retired after the AGM, relinquishing their roles as: – Mr. Cheung: Chairman of the Audit Committee – Ms. Zhang: Chair of the Remuneration Committee and member of both the Audit and Nomination Committees
Their departure reduces the Board to eight members—four executive directors, two non-executive directors and one INED—leaving the company in breach of six Hong Kong Listing Rules (3.10(1), 3.10A, 3.21, 3.25, 3.27A and 13.92(2)) covering minimum INED representation, committee composition and board gender diversity.
Rectification plan The company stated it is actively seeking suitable candidates to restore compliance within three months from 15 May 2026 and will release further updates in due course.
Current Board composition (post-AGM) Executive Directors: Ji Hulin (Chairman), Xue Zhicheng, Pan Mingfeng, Dr. Teng Songsong Non-executive Directors: Hu Huaimin, Yan Bingde Independent Non-executive Director: Dr. Liu Yongping
The AGM voting process was independently scrutinised by Computershare Hong Kong Investor Services Limited.