HKR International Limited Announces 2025 AGM Notice and Director Re-election

HKR International Limited has announced the 2025 AGM Notice, which includes information regarding the re-election of Directors who are set to retire and offer themselves for re-election. The Notice also details the resolution to grant the Directors general mandates to issue and buy back shares, as well as the extension of the general mandate to issue additional shares. According to the announcement, six Directors, including Mr. TANG Moon Wah, Mr. LEE Yue Kong Martin, and Ms. WONG CHA May Lung Madeline, will retire by rotation at the 2025 AGM.

Key Takeaways:

• The 2025 AGM Notice includes information on the re-election of Directors who are set to retire by rotation, including Mr. TANG Moon Wah, Mr. LEE Yue Kong Martin, and Ms. WONG CHA May Lung Madeline.
• The Directors subject to retirement by rotation are determined by article 116 of the M&A, with the longest-serving Directors retiring first.
• The Code Governance Code provision B.2.2 states that every Director should be subject to retirement by rotation at least once every three years.
• The Board has passed a resolution to re-elect Directors who will retire by rotation, including Mr. TANG Moon Wah, Mr. LEE Yue Kong Martin, and Ms. WONG CHA May Lung Madeline.
• The general mandate to issue additional shares has been extended to include shares to be purchased or bought back.
• The Directors have been granted general mandates to issue and buy back shares as part of the 2025 AGM Notice.

Statistics:

• Six Directors will retire by rotation at the 2025 AGM: Mr. TANG Moon Wah, Mr. LEE Yue Kong Martin, Ms. WONG CHA May Lung Madeline, Mr. CHA Yiu Chung Benjamin, Mr. CHEUNG Wing Lam Linus, and Ms. CHIU Kwai Fong Florence.
• The longest-serving Directors will retire first, as determined by article 116 of the M&A.

Sources:

• HKR International Limited, 2025 AGM Notice, https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0714/2025071400914.pdf