Fulum Group shareholders endorse 2026 Connected Tenancy Framework Agreement with 99.99% support

Bulletin Express
Mar 24

Fulum Group Holdings Limited reported that the sole resolution tabled at its Extraordinary General Meeting (EGM) on 24 March 2026—approval of the 2026 Connected Tenancy Framework Agreement and related right-of-use assets caps—was passed by an overwhelming majority of independent shareholders.\n\nVoting details\n• Votes in favour: 66.07 million shares (99.99%)\n• Votes against: 0.00 million shares (2,000 shares, 0.01%)\nThe resolution comfortably exceeded the simple-majority requirement.\n\nParticipation and shareholding context\nAs stipulated by the Listing Rules, connected shareholders abstained from voting: China Sage International Limited (452.08 million shares), Mr. Yeung Yun Chuen (272.03 million), Mr. Yeung Yun Kei (184.28 million) and Mr. Leung Siu Sun (66.63 million). Consequently, 325.00 million shares—representing 25% of the Company’s issued share capital—were eligible to vote at the EGM.\n\nGovernance and compliance\nAll directors attended the meeting either in person or via electronic means. Tricor Investor Services Limited acted as the independent scrutineer overseeing the poll process.\n\nImplications\nWith the resolution approved, the Board is authorised to execute and implement all documents and actions necessary to give effect to the 2026 Connected Tenancy Framework Agreement and its contemplated transactions, ensuring alignment with shareholder mandates and regulatory requirements.

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