Hi Sun Technology AGM: Shareholders Approve All 10 Resolutions, Renewing Board, Auditor and Dual Mandates

Bulletin Express
May 20

Hi Sun Technology (China) Limited announced that all 10 ordinary resolutions put forward at its 20 May 2026 annual general meeting were approved by poll, underscoring solid shareholder support across key corporate matters.\n\nKey outcomes\n1. Financial statements and reports: 99.76 % of votes supported the adoption of the 2025 audited consolidated financial statements and related reports.\n\n2. Board composition: Five directors—Xu Wensheng, Tam Chun Fai, Leung Wai Man (Roger), and Xu Sitao—were re-elected with approval rates ranging from 98.75 % to 100.00 %; Tam Chun Fai and Leung Wai Man (Roger) recorded the lowest support at 98.80 % and 98.75 %, respectively.\n\n3. Director remuneration: 100.00 % of votes authorised the board to set directors’ fees.\n\n4. Auditor appointment: PricewaterhouseCoopers was re-appointed with 77.95 % support; 22.05 % opposed, the highest dissent among the resolutions.\n\n5. Capital mandates:\n • General share issuance mandate (up to 20 % of issued shares) received 75.71 % approval.\n • Share repurchase mandate (up to 10 % of issued shares) obtained 99.96 % approval.\n • Extension of the issuance mandate by the amount of shares repurchased also secured 75.71 % approval.\n\nVoting context\n• All directors attended the meeting.\n• Tricor Investor Services Limited acted as the independent scrutineer.\n• The company had 2.78 billion shares in issue, all eligible to vote; no shares were subject to restrictions or compelled abstentions under Hong Kong listing rules.\n\nCorporate governance impact\nThe overwhelming passage of every resolution renews the board, reconfirms the external auditor, and provides management with continued flexibility for capital management via issuance and repurchase mandates, positioning Hi Sun Technology for operational continuity through the 2026 financial year.

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10