Chanhigh Holdings Limited has issued a circular convening its 2026 annual general meeting (AGM) for 23 June 2026 in Hong Kong, detailing three principal proposals:
Key AGM Resolutions • Director re-elections: Executive Director & CEO Peng Yonghui, and Independent Non-executive Directors Chen Danqi and Xu Yidong will retire by rotation and stand for re-election. • Share buy-back mandate: The Board seeks authority to repurchase up to 10% of issued shares—capped at 61.85 million shares—during the mandate period. No repurchases have been made in the past six months, and the Board currently has no plans to exercise the mandate. • Share issuance mandate: The Board requests approval to allot and issue up to 20% of the existing share capital, equivalent to 123.70 million shares, with an extension allowing the re-issue of shares repurchased under the buy-back mandate.
Additional AGM Items • Re-appointment of Linksfield CPA Limited as external auditor and authorisation for the Board to fix its remuneration. • Authorization for the Board to set directors’ remuneration.
Timetable and Administrative Details • Record date: 16 June 2026; share transfer documents must be lodged by 4:30 p.m. on 15 June 2026. • Proxy forms must reach Computershare Hong Kong Investor Services by 2:30 p.m. on 21 June 2026. • The register of members will be closed from 16–23 June 2026 (both days inclusive).
Shareholding Context The Peng Family controls 452.99 million shares (73.24% of issued capital). Full utilisation of the proposed 10% buy-back mandate would lift their interest to approximately 81.38%, still within public-float requirements and below the 90% trigger for mandatory general offer obligations under the Takeovers Code.
Board Composition Snapshot • Executive Directors: Peng Tianbin (Chairman), Peng Yonghui (CEO), Peng Daosheng • Non-executive Director: Wang Sufen • Independent Non-executive Directors: Chan Lap Ip, Shi Weixing, Yang Zhongkai, Chen Danqi, Xu Yidong
The Board recommends shareholders vote in favour of all proposed resolutions at the upcoming AGM.