Delton Technology (Guangzhou) Inc. has scheduled a second extraordinary general meeting (EGM) for 24 September 2026 at its Guangzhou headquarters. Shareholders will vote on a comprehensive slate of 16 resolutions, with the core agenda centered on launching an A-share convertible corporate bond offering to non-specific investors.
Key proposals include:
• Convertible Bond Issuance: The Board seeks approval for the company’s compliance with regulatory requirements, adjustments to issuance terms and a revised preliminary proposal. Items to be voted on separately cover bond size, tenor, coupon rate, conversion price mechanics, redemption and buy-back terms, dividend entitlements during conversion, target subscribers, use of proceeds, credit rating arrangements, guarantee structure and validity period of the plan.
• Governance Framework: Shareholders will consider a dedicated set of rules for bondholders’ meetings, a general mandate empowering the Board to manage all matters related to the bond issuance, and measures designed to mitigate any short-term earnings dilution stemming from conversion.
• Capital Allocation and Returns: The meeting will vote on the company’s shareholder dividend return plan for 2026-2028 and a general mandate to issue additional H shares as well as to repurchase company shares.
• Strategic Investment: Management is requesting approval to invest in the Construction of the “Delton Technology Dongguan Smart Manufacturing Headquarters Project” and to execute the related investment agreement.
• Financing and Risk Management: The agenda includes applications for comprehensive bank credit facilities for the company and its subsidiaries, the provision of guarantees to subsidiaries, and an increase in the foreign-exchange hedging quota.
• Audit Oversight: Appointment of a special audit institution for the proposed convertible bond issuance will also be put to vote.
Shareholders of H shares must ensure their names are on the register by 24 September 2026 to participate. Proxy forms must be lodged no later than 3:00 p.m. on 23 September 2026. The meeting is expected to last less than half a day, and attendees will be responsible for their own travel and accommodation expenses.