SHIMAO SERVICES has scheduled its Annual General Meeting for 11:00 a.m. on 22 June 2026 at The Harbourview, Wanchai, Hong Kong. Shareholders will vote on seven resolutions covering routine business, capital management authorities and an update to the company’s constitution.
Key agenda items: 1. 2025 Results Adoption – The board will present the audited consolidated financial statements and accompanying reports for the year ended 31 December 2025 for shareholder approval.
2. Board Composition – Executive Director Mr. Shao Liang and Independent Non-executive Director Ms. Zhou Xinyi are standing for re-election. The board also seeks authority to determine director remuneration.
3. Auditor – Grant Thornton Hong Kong Limited is nominated for re-appointment with board-delegated authority to fix fees.
4. Share Issue Mandate – Directors request a general mandate to allot and issue shares or convertible securities up to 20% of the issued share capital (excluding any treasury shares) during the mandate period.
5. Share Buy-back Mandate – A separate mandate would allow on-market repurchases of up to 10% of issued shares over the same period.
6. Mandate Extension – Shares repurchased under the 10% buy-back authority may be added to the 20% issuance limit, effectively expanding potential issuance capacity.
7. Constitutional Amendments – Shareholders will vote on adopting a third amended and restated memorandum and articles of association, incorporating updates detailed in the 29 April 2026 circular.
Administrative details: • Shareholders recorded on 22 June 2026 will be eligible to vote; the register closes from 15–22 June 2026. • Proxy forms must be lodged with Tricor Investor Services at least 48 hours before the meeting. • The board states it has no immediate plans to issue new shares or buy back existing shares under the proposed mandates.
As of the notice date, the board comprises Chairman Mr. Hui Sai Tan Jason, President Mr. Shao Liang and Independent Non-executive Directors Ms. Zhou Xinyi and Mr. Hui Wai Man Lawrence.