UBA Investments Seeks Approval for 20% Share Issue Mandate, 10% Buy-back and Board Re-elections at 20 Aug AGM

Bulletin Express
07/20

UBA Investments Limited released an AGM circular dated 21 July 2026 outlining resolutions that will be tabled at its annual general meeting on 20 August 2026 in Hong Kong.

Key resolutions

1. Capital mandates • Issue mandate: Directors request authority to allot and issue new shares equivalent to up to 20% of the company’s issued share capital as at the AGM date. Based on 1.27 billion shares outstanding on the latest practicable date (10 July 2026), the mandate would permit issuance of up to 254.35 million new shares. • Repurchase mandate: Board seeks approval to buy back up to 10% of issued shares, or a maximum 127.17 million shares. • Extension: If both mandates pass, the number of shares repurchased may be added to the issue mandate, effectively expanding the issuance headroom.

2. Board composition • Executive Director and Chairman Mr Chau Wai Hing and Independent Non-Executive Director Mr Kwok Ming Fai will retire by rotation and stand for re-election. • No service agreements are in place; remuneration for FY 2025/26 was HK$100,000 for Mr Chau and HK$80,000 for Mr Kwok.

3. Auditor • Asian Alliance (HK) CPA Limited is nominated for re-appointment for FY 2026/27, with an estimated audit fee of HK$0.23–0.25 million.

Shareholding implications

As of 10 July 2026, Knight Sky Holdings Limited and Fung Fai Growth Limited held 47.10% (599.00 million shares) and 26.74% (340.00 million shares) respectively. Full execution of the 10% buy-back mandate would lift their stakes to 52.33% and 29.71%. Such a change could obligate Knight Sky to make a mandatory offer under Hong Kong’s Takeovers Code; the board states it has no current intention to repurchase shares to that level.

Administrative details

• Shareholders of record on 20 August 2026 may vote at the AGM; the register will be closed from 17 to 20 August 2026. • Proxy forms must be lodged by 2:30 p.m. on 18 August 2026.

All AGM resolutions will be decided by poll, with results to be announced after the meeting.

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