Be Friends Holding Limited has issued a circular detailing resolutions to be tabled at its Annual General Meeting scheduled for 16 June 2026 in Hangzhou.
Key items include:
1. Final dividend • A cash dividend of HK$0.05 per share is proposed for the year ended 31 December 2025. • Based on 1,404.65 million issued shares (excluding 2.55 million treasury shares), the payout would total about HK$70.23 million. • The dividend will be funded from the HK$398.20 million balance in the share-premium account, leaving an estimated HK$328.00 million post-distribution. • Ex-dividend period: the register of members will be closed from 26 to 30 June 2026; the record date is 30 June 2026, and payment is expected on or about 22 July 2026, subject to shareholder approval.
2. Board composition • Executive Director Ms Zhao Hui Li and Independent Non-executive Director Mr Ma Zhan Kai will retire by rotation and stand for re-election. • The Nomination Committee supports both candidates; Mr Ma has confirmed his independence as required under Listing Rule 3.13.
3. Auditor • The Board proposes to reappoint Forvis Mazars CPA Limited as external auditor for the year ending 31 December 2026. • Estimated audit fees are set between RMB1.65 million and RMB1.85 million (approximately HK$1.79 million to HK$2.01 million).
4. General mandates • Repurchase mandate: up to 10% of issued shares (approximately 140.47 million shares) may be bought back, with purchased shares either cancelled or held as treasury shares. • Issuance mandate: Directors may allot, issue, or transfer treasury shares up to 20% of issued share capital (approximately 280.93 million shares), with an option to extend by the number of shares repurchased. • The company currently holds 2.55 million treasury shares, which carry no voting or dividend rights.
5. Administrative details • Shareholders may vote in person or by proxy; proxy forms must be lodged by 3:00 p.m. on 14 June 2026 (Hong Kong time). • For AGM attendance, the register of members will be closed from 11 to 16 June 2026, inclusive.
The Board recommends shareholders approve all resolutions at the forthcoming AGM.