Hong Kong Robotics Group Holding Limited Issues Announcement on Repurchase and Issuance Mandates

Strategic Insights -

At the 2024 AGM, general mandates were given to the Directors to exercise the powers of the Company to undertake repurchases of the Company's fully paid up Shares of up to a maximum of 209,150,099 Shares, representing 10% of the issued share capital of the Company. The purpose of this circular is to provide information on the resolutions to be proposed at the upcoming Annual General Meeting for the approval of the Repurchase and Issuance Mandates, re-election of retiring directors, termination of the Existing Share Option Scheme, adoption of the Share Award Scheme, and notice of Annual General Meeting.

Key Takeaways:

  • The Hong Kong Robotics Group Holding Limited will propose resolutions for the approval of general mandates to repurchase shares and issue shares at the upcoming Annual General Meeting.
  • The proposed Repurchase Mandate will allow the Directors to repurchase up to 10% of the issued share capital, excluding Treasury Shares, with a total of 209,150,099 Shares.
  • The proposed Issuance Mandate will enable the Directors to allot, issue, and deal with new Shares up to a maximum of 20% of the issued share capital, excluding Treasury Shares, with a total of 418,300,198 Shares.
  • The Repurchase and Issuance Mandates will continue in force until the conclusion of the next annual general meeting of the Company or any earlier date.
  • The Directors will have the authority to extend the Issuance Mandate by the number of Shares repurchased under the Repurchase Mandate.
  • The proposed resolutions will also include the re-election of retiring directors, termination of the Existing Share Option Scheme, adoption of the Share Award Scheme, and notice of Annual General Meeting.

Statistics:

  • The proposed Repurchase Mandate allows for the repurchase of up to 10.0% of the issued share capital, with a total of 209,150,099 Shares.
  • The proposed Issuance Mandate enables the allotment, issuance, and dealing with new Shares up to a maximum of 20.0% of the issued share capital, with a total of 418,300,198 Shares.
  • The total number of Shares in issue as at the Latest Practicable Date is 2,091,500,991.

Sources:

  • Hong Kong Robotics Group Holding Limited. (2025). Circular Regarding Approval of Resolutions at the Annual General Meeting. Retrieved from https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0801/2025080101966.pdf