Zengame Technology Holding Limited released its 2026 AGM circular (28 April 2026), outlining key items to be voted on by shareholders at the meeting scheduled for 22 May 2026 in Shenzhen.
Key proposals • Director re-elections: Independent non-executive directors (INEDs) Mr Mao Zhonghua and Mr Yang Yi will retire by rotation and stand for re-election. The Nomination Committee confirmed their independence and supports their return to the Board. • Share Repurchase Mandate: Board seeks authority to buy back up to 10% of issued shares (excluding any treasury shares). Based on the 1.04 billion shares outstanding as at 24 April 2026, the limit equals approximately 103.56 million shares. • Issuance Mandate: Directors request authority to issue, resell or transfer shares— including treasury shares—up to 20% of issued share capital, or about 207.12 million shares. An Extension Mandate would add any repurchased shares (max 10%) to this limit. • Final dividend: Board recommends HK$0.20 per share for FY 2025, totalling roughly HK$207.00 million. Subject to approval, the dividend will be paid on or before 25 June 2026 to shareholders on the register at 3 June 2026. • Auditor: Reappointment of Ernst & Young is proposed; audit fees for FY 2026 are estimated at RMB2.10 million–RMB2.80 million.
Share capital and regulatory considerations • If the 10% repurchase mandate is fully exercised, Chairman Ye Sheng’s stake would rise from 23.51% to 26.14%, remaining below the 30% Takeovers Code mandatory-offer threshold. • Repurchased shares may be cancelled or kept as treasury shares under the amended HKEX rules effective 11 June 2024. Any resale of treasury shares would fall under the requested Issuance Mandate. • The Board does not anticipate the mandates adversely affecting working-capital or gearing levels.
Timetable highlights • Register closed for AGM voting: 19–22 May 2026 (both days inclusive). • AGM: 22 May 2026, 10:30 a.m., 13/F, Changhong Science and Technology Mansion, Shenzhen. • Register closed for dividend: 1–3 June 2026 (both days inclusive). • Dividend payment: on or before 25 June 2026.
Shareholders are encouraged to submit proxy forms by 10:30 a.m. on 20 May 2026 if unable to attend in person.