Fufeng Group Limited has released its circular for the 29 May 2026 Annual General Meeting, outlining several resolutions for shareholder approval.
Key AGM Arrangements • Date & venue: 29 May 2026, 09:30, Orchid Room, Marco Polo Hongkong Hotel, Tsim Sha Tsui, Hong Kong. • Record date for voting: 29 May 2026; share transfer books close 26–29 May. • Final dividend: HK10.7 cents per share plus a special final dividend of HK1.5 cents, record date 5 June; register closes 4–5 June.
Proposed Mandates • Issue Mandate: authority to allot and issue shares up to 20% of issued capital. • Repurchase Mandate: authority to buy back up to 10% of issued shares, equal to 250.73 million shares based on the 2.51 billion shares outstanding on 15 April 2026. • Extension Mandate: increase the Issue Mandate by the number of shares repurchased under the Repurchase Mandate.
Director Changes • Executive director Li Deheng and independent non-executive director Zhang Youming will retire by rotation and stand for re-election. • Li Deheng is responsible for production and purchasing operations and holds an indirect 1.41% stake. • Zhang Youming, Director of the State Key Laboratory of Microbial Technology at Shandong University, seeks a new two-year term with an annual director’s fee of RMB0.10 million.
Auditor • Re-appointment of PricewaterhouseCoopers as external auditor and authorisation for the board to set its remuneration.
Shareholder Participation • All resolutions will be decided by poll. Proxy forms must reach Tricor Investor Services at least 48 hours before the meeting.
Potential Impact of Share Buy-back • Full exercise of the Repurchase Mandate could lift Motivator Enterprises Limited’s stake from 39.90% to approximately 44.32%, potentially triggering a mandatory offer under the Hong Kong Takeovers Code if the increase exceeds 2% within 12 months. • The board will limit repurchases to avoid material adverse effects on working-capital or gearing levels.
Share Price Snapshot Over the past 12 months, Fufeng Group’s shares traded between HK$6.30 and HK$10.14.
Shareholders are advised to review the circular in detail and consider submitting proxy instructions ahead of the deadline.