Bonny International Holding Limited will hold its 2026 Annual General Meeting (AGM) on 18 June 2026 in Yiwu, Zhejiang. Key resolutions to be tabled include new share issue and repurchase authorities, re-election of three directors, and the re-appointment of its external auditor.
General Mandates • Issue Mandate: The board requests authority to allot and issue up to 20% of the company’s issued share capital as at the AGM date—equivalent to a maximum of 294.22 million new shares, based on the current 1.47 billion shares in issue. • Repurchase Mandate: Directors also seek approval to buy back up to 10% of issued shares, or 147.11 million shares. Any repurchased shares may be added to the Issue Mandate, potentially raising the total number of new shares that could be issued. • Validity: Both mandates will remain effective until the next AGM, the expiry of the statutory period for holding that meeting, or earlier revocation by shareholders.
Impact on Shareholding If the repurchase mandate is exercised in full and no new shares are issued, controlling shareholder Maximax Holding Corporation’s stake would rise from 53.91% to 59.90%. Public float compliance will be maintained, and the board does not intend to repurchase shares to a level that would trigger a mandatory offer under Hong Kong’s Takeovers Code.
Director Re-elections • Zhao Hui – Executive Director and joint company secretary; chief financial officer of key subsidiary Zhejiang Bonny. • Huang Jingyi – Non-executive Director; currently manager and director of several Group subsidiaries. • Dr. Wei Zhongzhe – Independent Non-executive Director; chair of the remuneration committee and academic at Zhejiang University of Technology.
All three retire by rotation and offer themselves for re-election.
Auditor Shareholders will vote on the re-appointment of Ernst & Young as external auditor for the coming year and on authorising the board to fix its remuneration.
Key Dates • Register of members closure: 15–18 June 2026 (both days inclusive). Share transfers for AGM eligibility must be lodged by 4:30 p.m. on 12 June 2026. • AGM: 18 June 2026, 3:00 p.m., No. 129 Chunhan Road, Beiyuan Street, Yiwu City, Zhejiang.
Share Price Context During the 12 months to 17 April 2026, Bonny International’s shares traded between HK$0.27 (August 2025 low) and HK$0.65 (March 2026 high). The company reported no share repurchases in the six months preceding the circular’s publication.
The board recommends shareholders approve all proposed resolutions at the forthcoming AGM.