KNT Holdings Sets 29 September 2026 AGM; Seeks 10% Share Buy-back and 20% Issuance Mandates

Bulletin Express
Jul 30

KNT Holdings Limited will convene its Annual General Meeting (AGM) on 29 September 2026 at 11:00 a.m. on the 30th floor of EW International Tower, Tsuen Wan, Hong Kong. Key agenda items include:

1. Financial Reporting • Shareholders will receive the audited consolidated financial statements for the year ended 31 March 2026, together with directors’ and auditors’ reports.

2. Board Composition and Remuneration • Re-election of executive directors Mr. Chong Sik and Mr. Chong Pun, and independent non-executive directors Mr. Chan Kai Chung and Mr. Chan Kwan Yung. • The board seeks authority to determine directors’ remuneration.

3. Auditor Re-appointment • Infinity CPA Limited is nominated for re-appointment, with the board authorised to fix its fees.

4. Share Repurchase Mandate • Directors request a general mandate to buy back up to 10% of issued shares (excluding any treasury shares) during the mandate period.

5. Share Issuance Mandate • A separate mandate would allow the board to allot and issue new shares—excluding rights issues, option exercises and scrip dividends—up to 20% of the company’s issued share capital. • Conditional on approval of both mandates, the issuance limit may be increased by the number of shares repurchased, effectively extending the capacity by a further 10%.

Voting Mechanics • All resolutions will be decided by poll. • Shareholders may appoint multiple proxies; completed proxy forms must reach Tricor Investor Services by 11:00 a.m. on 27 September 2026. • The register of members will close from 24 to 29 September 2026, with 29 September 2026 set as the record date for voting eligibility.

Board Snapshot (31 July 2026) • Executive Directors: Mr. Chong Sik (Chairman), Mr. Chong Pun, Mr. Tsui Wing Tak, Ms. Wu Zongmei. • Independent Non-Executive Directors: Mr. Lau Koong Yep, Mr. Yuen King Sum, Mr. Chan Kai Chung, Mr. Chan Kwan Yung.

Contingency • If a No. 8 typhoon signal, “extreme conditions” or black rainstorm warning remains in force at or after 8:00 a.m. on the meeting day, the AGM will be postponed; an updated schedule will be announced on HKEX and the company website.

The company will issue a circular with detailed explanations of the proposed mandates and director re-elections together with its 2026 Annual Report.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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