MEXAN Limited has issued a circular convening its Annual General Meeting (AGM) for 10:30 a.m. on 30 September 2026 at 20/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong.
Key proposals to be put to shareholders include:
1. Share Repurchase Mandate • Authorises the board to repurchase up to 3.93 million shares, representing 10% of the 39.33 million issued shares as of 4 September 2026. • Repurchases would be funded from legally available resources under Bermuda law.
2. Share Issuance Mandate and Extension • Seeks approval to allot and issue up to 7.87 million new shares, equal to 20% of current issued capital. • Proposes an additional mandate extending the issuance limit by the number of shares repurchased, capped at a further 10% of issued capital.
3. Board Composition • Re-election of Executive Directors: Mr Law Hok Yu and Ms Miao Xianliu. • Re-election of Independent Non-Executive Directors: Ms Li Ching Yi, Ms Chan Wai Yan and Ms Zhao Aiyin.
4. Auditor Renewal • FORVIS Mazars CPA Limited is nominated for re-appointment. • Estimated audit fee for the year ending 31 March 2026 is HK$1.00–1.10 million, excluding disbursements.
Administrative details:
• Shareholders may vote in person or by proxy; all resolutions will be decided by poll. • Share register will close from 25 September 2026 to 30 September 2026, inclusive; the record date for voting entitlement is 30 September 2026. • Proxy forms must be lodged with Tricor Investor Services Limited no later than 48 hours before the AGM.
The board recommends voting in favour of all resolutions, citing alignment with shareholder interests.