Lee Kee Calls 27 Aug Virtual AGM to Vote on Director Re-election, 20% Issuance Mandate and 10% Buy-back Authority

Bulletin Express
Jul 10

Lee Kee Holdings Limited has issued a circular convening a fully virtual annual general meeting on 27 August 2026 at 2:30 p.m. Key resolutions to be put to shareholders include:

1. Re-election of three retiring directors • Executive directors: Mr Chan Ka Chun Patrick (aged 53) and Ms Okusako Chan Pui Shan Lillian (aged 51). • Independent non-executive director: Mr Tai Lun Paul (aged 59).

2. General mandate to issue shares • Authority to allot, issue or transfer treasury shares up to 20% of issued share capital, equivalent to a maximum of 165.75 million shares based on the current 828.75 million shares outstanding. • A secondary mandate will extend the limit by the number of shares repurchased under the buy-back mandate (see below).

3. General mandate to repurchase shares • Authority to repurchase up to 10% of issued share capital, representing up to 82.88 million shares. • Repurchased shares may be cancelled or held in treasury in line with the Hong Kong Listing Rules and Cayman Islands law.

4. Re-appointment of auditor • KPMG will be proposed for re-appointment, with the audit fee for FY 2026/27 estimated at HK$2.15 million–HK$2.25 million.

Shareholding structure • Gold Alliance Global Services Limited controls 600.00 million shares, or 72.40% of the company, on behalf of the P.C. Chan Family Trust. If the full buy-back mandate is used, this interest would rise to 80.42%, still above the 25% public float requirement.

Administrative details • Shareholders must lodge transfers by 4:30 p.m. on 21 August 2026; the register will be closed from 24 to 27 August 2026. • Voting will be conducted by poll through the e-Meeting System, with proxy forms due at least 48 hours before the meeting.

The board recommends shareholders vote in favour of all resolutions. Holders of any treasury shares will abstain from voting.

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.

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