Hong Kong: Culturecom Holdings Limited Announces Annual General Meeting Resolutions

Culturecom Holdings Limited has published a circular to inform shareholders about the resolutions to be proposed at the Annual General Meeting. The resolutions include the granting of general mandates to the directors, the extension of the general mandate, the re-election of directors, and the repurchase mandate. The circular outlines the details of the proposed resolutions and the impact on the company's shares.

Key Takeaways:

• The Company plans to issue up to 337,731,363 Shares and repurchase up to 166,865,681 Shares, representing 20% and 10% of the total number of Shares in issue (excluding treasury shares, if any) as at the date of passing of the relevant resolution at the AGM, respectively.
• The General Mandate and the Repurchase Mandate will continue in force until the conclusion of the next annual general meeting of the Company held after the Annual General Meeting or any earlier date as referred to in ordinary resolutions nos. 5 and 6 set out in the notice of the Annual General Meeting.
• The Directors have no immediate plan to repurchase any Shares.
• Ordinary resolutions will be proposed at the Annual General Meeting to approve the granting of the General Mandates and the Repurchase Mandate to the Directors.
• As at the Latest Practicable Date, a total of 1,668,656,816 Shares were in issue.

Statistics:

• Maximum number of new Shares that can be issued: 337,731,363
• Maximum number of Shares that can be repurchased: 166,865,681
• Percentage of Shares that can be issued: 20%
• Percentage of Shares that can be repurchased: 10%
• Total number of Shares in issue: 1,668,656,816

Sources:

• Culturecom Holdings Limited. (2025). Announcement - ASD. Retrieved from https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0714/2025071400670.pdf