AsiaInfo Technologies Limited (“AsiaInfo Tech”) has released its AGM circular outlining key proposals to be tabled on 28 May 2026 at the company’s Beijing headquarters.
Key AGM Proposals 1. Share Issue Mandate – Directors seek a general mandate to allot, issue or transfer shares and/or treasury shares up to 20% of the issued share capital (excluding treasury shares) as at the AGM date. – An additional mandate would extend this limit by the number of shares that may be repurchased under the buy-back mandate.
2. Share Buy-back Mandate – Authority requested to repurchase up to 10% of issued shares (excluding treasury shares) on the Stock Exchange or other recognised bourses, subject to Listing Rules and BVI law. – Repurchased shares may be cancelled or retained as treasury shares, in line with the new BVI treasury-share regime.
3. Director Re-elections – Five directors will retire and stand for re-election: • Executive: Dr Tian Suning (Chairman) • Non-executive: Mr Yang Lin, Ms Liu Hong • Independent non-executive: Dr Zhang Ya-Qin, Dr Liu Jun (appointed Feb 2026)
4. Auditor Re-appointment – KPMG proposed to continue as external auditor for FY 2026; audit fee estimated at RMB5.50 million–RMB6.20 million.
5. Final Dividend – Board recommends a cash dividend of HK$0.054 per share for FY 2025. – Shareholders on record by 8 June 2026 will be entitled; payment is slated for on or around 22 June 2026. – Register of members closes 3–8 June 2026 for dividend entitlement.
6. Amendments to Memorandum & Articles – Proposed updates align with Hong Kong’s paperless listing regime, enable hybrid/electronic meetings, electronic voting, and adoption of treasury shares.
Procedural Details – Shareholders may vote in person or by proxy; all resolutions will be decided by poll. – Register of members closes 22–28 May 2026 for AGM attendance; proxy forms must be lodged at Computershare Hong Kong by 26 May 2026.
AsiaInfo Tech reiterates that the proposed mandates and amendments aim to enhance operational flexibility and corporate governance ahead of its 2026 annual general meeting.