China Sandi Holdings Limited has issued a notice convening its Annual General Meeting for 4:00 p.m. on 2 October 2026 at Far East Consortium Building, Central, Hong Kong. The agenda contains several governance and capital-structure resolutions.
Key items for shareholder approval:
1. Financial Statements • Adoption of the audited consolidated results and directors’ and auditor’s reports for the financial years ended 31 December 2024 and 31 December 2025.
2. Board Composition • Re-election of six directors: executive directors Guo Jiadi, Wang Chao and Dr. Poon Wai Kong, and independent non-executive directors Liao Yiyi, Yu Huaxiu and Zhang Jianchan. • Authorisation for the board to fix directors’ remuneration.
3. Auditor • Re-appointment of CCTH CPA Limited with board-delegated authority to fix fees.
4. General Mandates • Issuance mandate: up to 20% of issued shares, extendable by an additional 10% equivalent to shares repurchased. • Repurchase mandate: up to 10% of issued shares. • Extension mandate: enlargement of the issuance limit by shares actually bought back.
5. Capital Reorganisation (Effective 6 October 2026 or upon fulfilment of conditions) • Share Consolidation: every 200 existing shares of HK$0.01 each consolidated into one share of HK$2.00. • Capital Reduction: par value of each consolidated share lowered from HK$2.00 to HK$0.001, cutting issued share capital from HK$50.88 million to HK$0.03 million. • Share Subdivision: each authorised but unissued HK$2.00 share subdivided into 2,000 shares of HK$0.001, maintaining authorised capital at HK$2.01 billion (2 trillion ordinary shares and 6.02 billion preference shares). • Fractional entitlements to be aggregated and sold for company benefit; credit from the capital reduction to be transferred to contributed surplus for use in accordance with Bermuda law and the company’s bye-laws.
Administrative Notes • Shareholders must lodge transfers by 4:30 p.m. on 25 September 2026; the register of members closes 28 September–2 October 2026. • Proxies must be deposited at Tricor Investor Services at least 48 hours before the meeting.
China Sandi’s board recommends that shareholders approve all proposed resolutions to streamline capital structure, refresh governance mandates and facilitate future corporate actions.