Tak Lee Machinery Holdings Limited (Stock Code: 2102) has released a circular dated 3 November 2025 outlining key proposals for the upcoming annual general meeting scheduled for 26 November 2025 in Hong Kong. The meeting will address the re-election of four retiring directors, the granting of general mandates to issue and repurchase shares, and the declaration of a final dividend.

According to the circular, four directors—two executive directors and two independent non-executive directors—will retire by rotation and stand for re-election. Details of their professional backgrounds and contributions to the company are provided, and shareholders are invited to consider their continued appointments.

In addition, a general mandate will be proposed to authorize the board to allot, issue, or transfer up to 20% of the company’s then-issued share capital (excluding any treasury shares). Another resolution seeks to grant a 10% share repurchase mandate (also excluding any treasury shares). These mandates, if approved, will remain valid until the conclusion of the next annual general meeting or until revoked or varied by shareholders in a general meeting.

The company further recommends a final dividend of HK2.0 cents per share for the financial year ended 31 July 2025. Subject to shareholder approval, the proposed dividend is expected to be paid on or around 19 December 2025. The record date for determining entitlement to this dividend is 5 December 2025.

The register of members will be closed from 21 November 2025 to 26 November 2025 (both days inclusive) for shareholders to establish their right to attend and vote at the annual general meeting. The board encourages support for the resolutions and notes that shareholders may vote in person or by proxy under the relevant arrangements set out in the circular.