WebX International Sets 12 June 2026 AGM; Seeks Fresh 10% Buy-back and 20% Issuance Mandates

Bulletin Express
May 19

WebX International Holdings Company Limited will convene its annual general meeting on 12 June 2026 at 3:30 p.m. at Units 05-06, 33/F, Bank of America Tower, 12 Harcourt Road, Hong Kong.

Key agenda items are as follows:

1. FY25 Financials • Shareholders will receive and consider the audited consolidated financial statements for the year ended 31 December 2025 together with the directors’ and auditors’ reports.

2. Board Composition and Remuneration • Re-election: Executive directors Li Jian and Chen Simon Guomin, and independent non-executive director Liu Mingfang are standing for re-election. • The board will be authorised to set directors’ remuneration.

3. Auditor Re-appointment • SHINEWING (HK) CPA Limited is nominated for re-appointment, with remuneration to be fixed by the board.

4. Share Repurchase Mandate • Directors seek authority to repurchase up to 10% of issued shares (excluding any treasury shares) during the mandate period. • The mandate will lapse at the earlier of the next AGM, shareholder revocation, or the statutory deadline for holding the next AGM. • Any future share consolidation or subdivision will adjust the 10% cap on a pro-rata basis.

5. General Issuance Mandate • Directors request authority to allot and issue new shares up to 20% of the issued share capital (excluding treasury shares). • The mandate covers offers, agreements or options (including warrants) granted during the mandate period. • Pro-rata adjustment will apply in the event of share consolidation or subdivision.

6. Extension Mandate • Subject to approval of the repurchase and issuance mandates, the issuance limit may be extended by the number of shares actually repurchased, capped at an additional 10% of issued shares.

7. Constitutional Update • Shareholders will vote on adopting the third amended and restated memorandum and articles of association, replacing the current version in full.

Shareholder Logistics • Register of members will be closed from 9 June 2026 to 12 June 2026 (both days inclusive). Transfers must be lodged with Tricor Investor Services Limited by 4:30 p.m. on 8 June 2026 to qualify for voting. • All resolutions will be decided by poll in compliance with GEM Listing Rules.

As of the notice date, the board comprises two executive directors, two non-executive directors and three independent non-executive directors.

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