KNT shareholders endorse all AGM resolutions except re-election of Executive Director Chong Pun

Bulletin Express
Sep 29

KNT Holdings Limited reported the results of its 29 September 2026 annual general meeting, where 447.37 million shares were eligible to vote. Nine ordinary resolutions were tabled; eight secured full approval, while one concerning the re-election of Executive Director Chong Pun did not obtain majority support.

Key outcomes:

• Financial statements and auditor’s report for the year ended 31 March 2026 were adopted with 61.20 million votes in favour (100%).

• Re-election of Chairman and Executive Director Chong Sik, and independent non-executive directors Chan Kai Chung and Chan Kwan Yung, each received 100% support (61.20 million votes).

• Resolution to re-elect Executive Director Chong Pun received only 11.80 million votes for (19.28%) and 49.40 million against (80.72%), leading to his retirement at the close of the AGM. The board reported no disagreement with Mr Chong or issues requiring shareholder attention.

• Director remuneration, re-appointment of Infinity CPA Limited as external auditor, a 10% share-repurchase mandate, a 20% share-issuance mandate, and an extension mandate linking repurchases to issuance capacity all passed unanimously.

Procedural notes confirm no shareholder was required to abstain, no treasury shares were outstanding, and Tricor Investor Services Limited acted as scrutineer. All directors attended the meeting.

Following the AGM, KNT’s board comprises three executive directors—Chong Sik, Tsui Wing Tak and Wu Zongmei—and four independent non-executive directors—Lau Koong Yep, Yuen King Sum, Chan Kai Chung and Chan Kwan Yung.

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