Powerlong Real Estate Holdings Limited has issued a notice convening its Annual General Meeting (AGM) for 10:00 a.m. on 12 June 2026 at Yin Long Hall 2, Le Meridien Shanghai Minhang, Shanghai.
Key resolutions to be tabled are as follows:
1. Financial Statements Shareholders will consider and adopt the audited consolidated financial statements together with the directors’ and auditor’s reports for the year ended 31 December 2025.
2. Board Composition and Remuneration • Executive directors Hoi Wa Fong and Zhang Hong Feng are standing for re-election. • Independent non-executive directors Mei Jian Ping and Au Yeung Po Fung are also up for re-election. • The board will seek authority to determine directors’ remuneration.
3. Auditor KTC Partners CPA Limited is nominated for re-appointment as external auditor, with the board authorised to fix its remuneration.
4. General Mandates • Share Issuance: Directors seek a general mandate to allot, issue or deal with additional shares and resell treasury shares up to 20% of issued share capital (excluding treasury shares) during the mandate period. • Share Buyback: A separate mandate would allow on-market repurchases of up to 10% of issued shares (excluding treasury shares). • Extension: Subject to the above approvals, the issuance mandate may be extended by the number of shares repurchased, capped at an additional 10% of issued share capital.
5. Constitutional Amendments A special resolution proposes adoption of the third amended and restated memorandum and articles of association, replacing the current version.
Administrative Details • Shareholders recorded on 12 June 2026 are entitled to attend and vote. The register of members will be closed from 9 to 12 June 2026, inclusive. • Proxy forms must be lodged with Computershare Hong Kong Investor Services Limited by 10:00 a.m. on 10 June 2026.
As at the date of the notice (28 April 2026), the board comprises four executive directors, one non-executive director and four independent non-executive directors. The AGM will determine the company’s governance and capital management parameters for the coming year.