China Resources Building Materials Technology Holdings Limited (CR BLDG MAT TEC) will hold its hybrid annual general meeting on 29 May 2026. Key resolutions to be put to shareholders include:
1. Capital Management • Share buy-back mandate: Board authorization to repurchase up to 698.29 million shares, representing 10% of the 6.98 billion issued shares (excluding any treasury stock) as at the latest practicable date. • Issuance mandate: Authority to issue, allot or transfer up to 1.40 billion new shares (20% of the issued share capital) and to extend that limit by the number of shares actually repurchased.
2. Auditor Rotation • KPMG will retire at the AGM. The board—following Audit Committee recommendation—proposes appointing Grant Thornton Hong Kong Limited as independent auditor for the financial year ending 31 December 2026. The selection process assessed fee competitiveness (RMB5.00–5.20 million), technical competence, governance, independence, communication framework and regulatory track record.
3. Board Composition • Six directors—Li Baojun, Yu Shutian, Zhou Bo, Li Nan, Yan Bilan and Gong Xiaofeng—will stand for re-election. • Independent directors Yan Bilan and Gong Xiaofeng have been confirmed as independent under Rule 3.13 of the HKEX Listing Rules.
4. Dividend Proposal • Final dividend of HK$0.024 per share for FY 2025 is subject to shareholder approval. The register will close from 8 June to 12 June 2026; dividend payment is scheduled for 22 July 2026.
5. Key Shareholding and Takeovers Implication • Ultimate parent China Resources Company Limited holds 4.80 billion shares (68.72%). Full use of the 10% buy-back mandate would raise its percentage holding to approximately 76.35%, but the company states it will maintain the public float above 25%.
6. Trading Reference • Over the past 12 months, the company’s shares traded between HK$1.32 and HK$2.21 on the Stock Exchange of Hong Kong.
Shareholders can attend the AGM in Shenzhen or via the online platform. Proxy forms must be lodged 48 hours before the meeting.