Sino ICT Schedules 2 June 2026 AGM; Board Seeks 20% Issuance Mandate, 10% Buyback Limit and Director Re-Elections

Bulletin Express
Apr 29

Sino ICT Holdings Limited has issued a notice convening its 2026 annual general meeting (AGM) for 9:30 a.m. on Tuesday, 2 June 2026, at Meeting Room 10, Office Building S1, Embankment Square, No. 5179 Bin Jiang Avenue, Pudong New District, Shanghai.

Key agenda items to be put before shareholders include:

1. Financial Statements and Reports • Adoption of the audited consolidated financial statements for the year ended 31 December 2025, together with the reports of the directors and auditor.

2. Board Composition • Re-election of four directors: Executive Director Mr Xia Yuan; and Independent Non-executive Directors Mr Cui Yuzhi, Mr Ping Fan and Mr Cheung Yik Man.

3. Remuneration and Auditor • Authorisation for the board to determine directors’ remuneration. • Re-appointment of Grant Thornton Hong Kong Limited as external auditor, with authority for the board to fix its remuneration.

4. General Mandates • Share Issuance: Directors seek a general mandate to allot, issue or deal with new shares or securities convertible into shares up to 20% of the company’s issued share capital as at the date of the AGM. • Share Buyback: Approval to repurchase up to 10% of the issued share capital on the Hong Kong Stock Exchange or other recognised exchanges. • Mandate Extension: Conditional on the above mandates passing, the share issuance limit may be increased by the amount of shares repurchased, capped at an additional 10% of issued share capital.

Additional Administrative Details • Shareholders on the register as of Tuesday, 2 June 2026 are entitled to attend and vote. • The register of members will be closed from Thursday, 28 May to Tuesday, 2 June 2026 (both days inclusive). Transfer documents must be lodged by 4:30 p.m. on Wednesday, 27 May 2026 to qualify for attendance and voting rights. • Shareholders may appoint proxies to attend and vote; completed proxy forms must be submitted to Tricor Investor Services Limited no later than 48 hours before the meeting.

The board currently comprises Chairman Mr Yuan I-Pei, Chief Executive Officer Mr Xia Yuan, two Non-executive Directors and four Independent Non-executive Directors.

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10