COSCO SHIPPING Ports Limited has called its 2026 Annual General Meeting (AGM) for 2:30 p.m. on 22 May 2026 at 47/F, COSCO Tower, 183 Queen’s Road Central, Hong Kong. Shareholders of record as at 4:30 p.m. on 18 May 2026 will be eligible to attend, with the register closed from 19 May to 22 May 2026 (both dates inclusive). All resolutions will be decided by poll voting.
Key ordinary resolutions to be tabled include:
1. Adoption of the audited consolidated financial statements and the directors’ and independent auditor’s reports for the year ended 31 December 2025.
2. Re-election of Mr. Zhu Tao and Prof. Tam Kam Lan, Annie as directors.
3. Authorisation for the board to set directors’ remuneration for the financial year ending 31 December 2026.
4. Re-appointment of BDO Limited as external auditor and authorisation for the board to fix its remuneration.
Capital management proposals comprise three substantive items:
• Authorised share-capital increase: The company intends to expand its authorised capital from HK$0.40 billion, divided into 4.00 billion shares of HK$0.10 each, to HK$0.50 billion, divided into 5.00 billion shares of HK$0.10 each, by creating an additional 1.00 billion shares ranking pari passu with existing shares.
• General issuance mandate: Directors seek authority for the “Relevant Period” to allot and issue new shares—plus equity-linked securities convertible into shares—up to 20 % of the company’s issued share capital (excluding any treasury shares). The mandate also permits grant of such rights beyond the Relevant Period, subject to shareholder approval limits and customary exemptions (rights issues, scrip dividends, share schemes).
• Share-repurchase mandate: Directors request approval to buy back shares on the Stock Exchange or other recognised markets up to 10 % of issued share capital (excluding treasury shares) during the same Relevant Period. An additional resolution would extend the new-issue mandate by the number of shares actually repurchased, capped at 10 % of issued capital.
Administrative arrangements include proxy submission deadlines (48 hours before the meeting) and contingency plans for adverse weather.
As of the notice date, the board consists of Chairman Mr. Zhu Tao, Managing Director Ms. Wu Yu, non-executive directors Mr. Ma Xianghui and Mr. Chen Shuai, and six independent non-executive directors.