Oriental Payment Group Clears All AGM Resolutions; Director Exit Triggers Temporary GEM Rule Breach

Bulletin Express
Sep 29

Oriental Payment Group Holdings Limited announced that all six ordinary resolutions tabled at its Annual General Meeting on 29 September 2026 were approved by poll with 100.00% of the 447.42 million votes cast in favour. The valid votes represented approximately 23.22% of the 1.93 billion shares in issue.

Key approvals: 1. Adoption of the audited consolidated financial statements for the year ended 31 March 2026. 2. Re-election of Executive Director Mr Tsang Chi Kit. 3. Authorisation for the Board to fix directors’ remuneration. 4. Re-appointment of Forvis Mazars CPA Limited as independent auditor and authorisation of its remuneration. 5. Granting of general mandates allowing the Board to: • issue new shares up to 20% of issued share capital, • repurchase shares up to 10% of issued share capital, and • extend the issue mandate by the number of shares repurchased.

Directorate change: Independent Non-Executive Director (INED) Mr Henrich Stefan retired at the conclusion of the AGM, citing personal and business commitments, and did not seek re-election. He also stepped down from the Audit, Remuneration and Nomination Committees. Mr Henrich confirmed no disagreement with the Board and no outstanding claims against the Company.

Regulatory implications: Mr Henrich’s departure leaves the Company with two INEDs, below the minimum three required by GEM Listing Rule 5.05(1). The Audit Committee membership has also fallen short of the three-member requirement under Rule 5.28 and its own terms of reference. Oriental Payment Group is actively searching for a suitable candidate and intends to restore compliance within three months from 29 September 2026.

Current Board composition: • Executive Director: Mr Tsang Chi Kit • Independent Non-Executive Directors: Mr Tong Tsz Kwan; Ms Tam Yuen Lam Angela

The Company has committed to update the market on its progress in filling the INED vacancy in accordance with GEM Listing Rules.

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