HKT Trust and HKT Limited (collectively “HKT”) have dispatched a circular convening a hybrid annual general meeting (AGM) for 21 May 2026 at 2 p.m. (Hong Kong time). Key resolutions to be tabled are as follows:
Final Distribution • A final distribution of HK$0.4797 per Share Stapled Unit (SSU) for FY 2025 is proposed. • The record date is set for 29 May 2026; the SSU register will be closed from 28–29 May 2026.
Board Changes • Non-executive director Mico Chung, and independent non-executive directors (INEDs) Professor Hsin Kang Chang, Aman Mehta and Wai Lun Ng will stand for re-election. • INED Sunil Varma will retire and not seek re-election. • Chang and Mehta, each having served over nine years, have been assessed by the Nomination Committee as remaining independent.
Capital Mandates • Issue Mandate: Board seeks authority to issue up to 20% of existing SSU base—capped at 1.52 billion new SSUs—provided PCCW’s aggregate holding stays above 51% on a fully-diluted basis. • Buy-back Mandate: Authority to repurchase up to 10% of SSUs in issue, equivalent to 0.76 billion units. • An additional mandate will allow re-issuance of any repurchased SSUs under the Issue Mandate. As at 25 March 2026, HKT had 7.58 billion SSUs outstanding.
Auditor Re-appointment • PricewaterhouseCoopers is recommended for re-appointment as auditor for HKT Trust, HKT Limited and the Trustee-Manager, with remuneration to be fixed by the boards.
AGM Logistics • The AGM will be conducted both physically at PCCW Tower, Quarry Bay, and online via the Computershare platform. Login credentials will be distributed around 2 April 2026, with electronic participation counting toward quorum and voting rights. • Proxy forms must be lodged no later than 48 hours before the meeting. Share transfers must be registered by 4:30 p.m. on 15 May 2026 to qualify for AGM attendance and by 4:30 p.m. on 27 May 2026 to receive the final distribution.
Share Price Context • Over the past 12 months to 25 March 2026, HKT’s SSU traded between HK$9.98 and HK$12.95.
No share stapled units have been repurchased in the six months preceding the circular’s latest practicable date.