Mexan Shareholders Endorse 50-for-1 Share Consolidation with 99.99% Approval

Bulletin Express

Jul 03

Hong Kong–listed Mexan Limited reported that its sole resolution at the Special General Meeting (SGM) on 2 July 2026—consolidating every 50 ordinary shares into one—secured overwhelming shareholder backing.

The poll, overseen by Tricor Investor Services Limited, recorded 0.38 billion votes (99.99%) in favour of the consolidation and only 50 votes (0.01%) against. With the company’s entire 1.97 billion issued shares eligible to vote and no abstentions or mandatory non-votes, the resolution comfortably exceeded the simple-majority threshold and was passed as an ordinary resolution.

Executive Director and Company Secretary Law Hok Yu confirmed the outcome, noting that board members Mr. Law Hok Yu, Ms. Miao Xianliu, Ms. Li Ching Yu, Ms. Zhao Aiyin and Ms. Chan Wai Yan attended the meeting in person or electronically.

The successful approval enables Mexan to proceed with the 50-to-1 share consolidation in line with the proposals circulated to shareholders on 9 June 2026.

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