China Literature announced that shareholders approved every item on the agenda at the 2 June 2026 annual general meeting (AGM), signalling strong investor backing for the company’s strategic and governance initiatives.
Voting turnout and participation • The poll was based on 1.02 billion issued shares. • Trustees holding 17.95 million unvested shares abstained from all votes, and Tencent and its associates—collectively owning 577.64 million shares, or roughly 56.6 % of the register—abstained from Resolutions 8 and 9 in line with connected-party rules.
Key resolutions and support levels • FY 2025 financial statements, director remuneration authority and PwC’s re-appointment as auditor each received at least 95.67 % “for” votes. • General mandates: a 20 % share-issue mandate passed with 91.06 % support, a 10 % buyback mandate with 99.96 %, and the mandate extension with 91.05 %. • Connected-party agreements with Tencent—2027 IP Cooperation Framework and 2026 Advertisement Cooperation Framework—were ratified with 99.25 % approval among eligible votes. • A special resolution to adopt the tenth amended and restated memorandum and articles of association cleared the 75 % threshold comfortably, gaining 99.16 % backing.
Board refresh and committee changes • Long-serving independent non-executive directors (INEDs) Ms. Yu Chor Woon Carol and Mr. Liu Junmin stepped down after nearly nine years. • Shareholders elected two new INEDs: – Mr. Kong Xiangjun (law professor and IP specialist) joins the Nomination Committee. – Mr. Mak Tze Leung (former PwC partner) becomes Audit Committee chairman and joins the Remuneration Committee. • Ms. Leung Sau Ting Miranda, already an INED, was added to the Nomination Committee. • Each new INED will receive an annual director fee of HKD0.60 million, with eligibility for discretionary bonuses.
Governance outlook The decisive AGM approvals affirm shareholder confidence in China Literature’s governance framework and its expanded collaboration agreements with Tencent, while the refreshed board composition strengthens expertise in intellectual property and audit oversight.