Persistence Gold Group Ltd (Persistence Gold) has issued a circular outlining key proposals to be tabled at its Annual General Meeting (AGM) on 26 June 2026 in Hong Kong.
General Mandates • Share Issue: Directors seek approval to issue up to 20% of the company’s existing share capital. Based on the current 2.40 billion shares in issue (Latest Practicable Date: 22 May 2026), the mandate would allow the issuance of up to 480.00 million new shares. • Share Repurchase: A parallel mandate would permit on-market buy-backs of up to 10% of issued shares, equivalent to 240.00 million shares. The repurchase authority would run until the earlier of (i) the next AGM, (ii) expiry of the statutory period for holding the next AGM, or (iii) revocation by shareholders. Board confirmation notes there is no present intention to exercise either mandate and any buy-backs will be managed to preserve the public float above 25%.
Board Composition Four directors are up for re-election: 1. Dr. Shao Xuxin – Executive Director, Chairman and CEO (annual remuneration: HK$1.50 million). 2. Mr. Mackie James Thomas – Executive Director (annual remuneration: HK$1.30 million). 3. Mr. Chen Zhuping – Executive Director (annual remuneration: RMB1.20 million; appointed January 2026). 4. Mr. Chen Li Bei – Non-executive Director (annual remuneration: HK$0.26 million).
Auditor The board proposes re-appointing Ernst & Young for the financial year ending 31 December 2026 with fees estimated between RMB2.46 million and RMB2.88 million, exclusive of out-of-pocket expenses.
Key AGM Arrangements • Date & Time: 26 June 2026 (Friday), 10:30 a.m., World-Wide House, Central, Hong Kong. • Shareholder Record Date: Register of members closed 23–26 June 2026; last day to lodge share transfers is 22 June 2026. • Proxy Deadline: 10:30 a.m., 25 June 2026. • All AGM resolutions will be decided by poll.
If both the issue and repurchase mandates are approved, the share issue mandate will be extendable by the number of shares actually repurchased under the buy-back authority.