Standard Development Group Limited (STD DEV GROUP) has issued a notice convening its Annual General Meeting (AGM) for 30 September 2026 at 10:00 a.m. in Hong Kong. Shareholders will vote on eight resolutions that collectively address core corporate governance, capital management and constitutional updates.
Key items on the agenda:
1. Financial Statements and Audit • Shareholders will consider and adopt the audited financial statements for the fiscal year ended 31 March 2026 together with directors’ and auditors’ reports. • Asian Alliance (HK) CPA Limited is nominated for re-appointment as external auditor, with the Board authorised to set its remuneration.
2. Board Composition and Compensation • Re-election of Executive Director Mr Xu Jing and Independent Non-Executive Director Dr Su Lixin. • Authorisation for the Board to determine directors’ remuneration.
3. Capital Issuance Mandate (Ordinary Resolution 5) • Directors seek a general mandate to allot, issue or deal with additional shares, sale/transfer treasury shares, and issue convertible securities up to 20% of the Company’s issued share capital (excluding treasury shares) as at the date of approval.
4. Share Repurchase Mandate (Ordinary Resolution 6) • Authority to repurchase shares on the Hong Kong Stock Exchange or other recognised exchanges, limited to 10% of issued share capital (excluding treasury shares) during the mandate period.
5. Mandate Extension (Ordinary Resolution 7) • Conditional on the above two mandates, the share issuance authority may be extended by the number of shares repurchased, effectively allowing issuance of an additional amount up to 10% of issued shares.
6. Constitutional Amendments (Special Resolution 8) • The Company proposes to adopt a new amended and restated Memorandum and Articles of Association, replacing the existing version, to incorporate updates detailed in the 3 September 2026 circular.
Key Dates and Participation Details • Register of members closure: 25 September 2026 to 30 September 2026 (both days inclusive); share transfers must be lodged by 4:30 p.m. on 24 September 2026 to qualify for AGM attendance and voting. • Shareholders may appoint one or more proxies; forms must be lodged at Tricor Investor Services by 28 September 2026, 48 hours before the AGM.
The Board currently comprises Executive Directors Mr Liu Zhancheng (Chairman) and Mr Xu Jing, alongside Independent Non-Executive Directors Dr Su Lixin, Mr Zhao Changsheng and Mr Raymond Tsui Siu Hung.