Crazy Sports shareholders endorse all AGM resolutions; re-appoints directors and renews mandates

Bulletin Express
May 15

Crazy Sports Group Limited (Crazy Sports) reported that every agenda item put to vote at the 15 May 2026 annual general meeting (AGM) was approved by a substantial margin.

Key voting outcomes 1. Adoption of the 2025 audited financial statements received 1.31 billion votes in favour (99.84%), with 2.11 million votes against.

2. Board composition • Executive director Peng Xitao was re-elected with 100.00% support (1.31 billion votes). • Independent non-executive directors Liu Haoming and Zhang Xiaofen were also returned with 100.00% backing. • The Board was authorised to determine directors’ remuneration, again with full shareholder support.

3. Auditor appointment BDO Limited was re-appointed as auditor, securing 1.29 billion affirmative votes (98.47%) versus 20.01 million opposing votes.

4. Capital mandates • A 10% share repurchase mandate passed unanimously. • An authority to issue up to 20% of existing share capital won 98.47% support, aligning with the vote to extend this mandate by the amount of shares repurchased.

Participation and administration The AGM represented 4.53 billion issued shares, all eligible to vote. No shareholders were required to abstain, and no special voting restrictions applied under the Listing Rules. Tricor Investor Services Limited served as scrutineer.

Board attendance Chairman Zhang Lijun, along with directors Peng Xitao and Zang Dongli, attended in person, while Liu Haoming and Zhang Xiaofen participated electronically.

With the successful passage of every resolution, Crazy Sports retains its existing board structure, auditor, and refreshed capital management authorities for the coming 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