Movement Alert|Jinhui Holdings Rises 8.18% in Regular Trading, AGM Held Today with Multiple Key Resolutions Pending Approval

Market Focus
Jun 26

On June 26, Jinhui Holdings rose 8.18% in regular trading, trading at HK$1.18/share, with turnover of approximately HK$72.4 million.

On the news front, the company's Annual General Meeting is being held today with several significant resolutions pending shareholder approval. Key agenda items include granting the board general authority to repurchase up to 10% of the company's issued share capital (approximately 404.5 million shares based on current issued shares of roughly 4.045 billion), appointing Shen Houcai as an independent non-executive director and Zhou Xiaohui as an executive director, and appointing BDO as the new auditor to replace the retiring Ernst & Young.

The auditor change follows Ernst & Young's April notification that it would not seek reappointment, citing audit fee levels and internal resource constraints. The board vacancies arose after former independent non-executive director Zhong Chuangxin announced his retirement effective at the conclusion of the AGM.

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