BII Railway Transportation Technology Holdings Company Limited Announces Resolutions for Annual General Meeting

Strategic Insights -

The purpose of this circular is to inform shareholders about the proposed resolutions to be discussed at the Annual General Meeting of BII Railway Transportation Technology Holdings Company Limited. The meeting will consider the declaration of a final dividend, the re-election of directors, and the granting of repurchase and issuance mandates. The proposed final dividend of HK$0.02 per share will be paid out of the share premium account to shareholders whose names appear on the register of members on Thursday, 4 June 2020, subject to approval at the Annual General Meeting.

Key Takeaways:

  • The proposed final dividend of HK$0.02 per share will be paid out of the share premium account to shareholders whose names appear on the register of members on Thursday, 4 June 2020.
  • The register of members will be closed from Tuesday, 2 June 2020 to Thursday, 4 June 2020, during which period no transfer of shares will be registered.
  • Unregistered holders of shares must ensure that all transfer documents accompanied by the relevant share certificates are lodged with the Company's branch share registrar, Tricor Investor Services Limited, at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong, for registration not later than 4:30 p.m. on Monday, 1 June 2020.
  • Mr. Bai Jinrong, an independent non-executive Director, has been recommended for re-election by the nomination committee of the Company.
  • Mr. Bai Jinrong has given an annual confirmation of independence pursuant to the independence guidelines as set out in Rule 3.13 of the Listing Rules.
  • The Board believes that Mr. Bai Jinrong possesses legal professional experience which can contribute to diversity of the Board and recommends that he should be re-elected as independent non-executive Director at the Annual General Meeting.
  • The Board is of the view that Mr. Bai Jinrong has the required character, integrity and experience to fulfill and discharge the roles and duties of an independent non-executive Director.

Statistics:

  • Proposed final dividend: HK$0.02 per share.
  • Register of members closed period: Tuesday, 2 June 2020 to Thursday, 4 June 2020.
  • Transfer registration deadline: 4:30 p.m. on Monday, 1 June 2020.
  • Registry for unregistered holders: Tricor Investor Services Limited, Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong.

Sources:

  • BII Railway Transportation Technology Holdings Company Limited Annual Results Announcement, dated 30 March 2020.
  • BII Railway Transportation Technology Holdings Company Limited Articles of Association.
  • Listing Rules, Rule 3.13.
  • Companies Law, Section 34(2).