Tern Properties Company Limited Seeks Shareholder Approval for Board Re-election and Other Resolutions

Strategic Insights -

Tern Properties Company Limited, a listed company in Hong Kong, has released a circular to its shareholders detailing several resolutions to be proposed at the upcoming Annual General Meeting (AGM). The resolutions, which include the re-election of Directors, the granting of general mandates to Directors, the change of auditor, and the adoption of new Articles of Association, aim to ensure the continued stability and success of the company. The Board of Directors has expressed confidence in the candidates for re-election, highlighting their valuable contributions and commitment to the company's growth.

Key Takeaways:

  • The Board consists of six Directors, with Ms. Chan Yan Wai, Emily, and Mr. Tse Lai Han, Henry, eligible for re-election at the AGM.
  • Mr. Tse Lai Han, Henry, has served as an Independent Non-Executive Director for over 9 years and has demonstrated a firm commitment to his role.
  • The Board considers Mr. Tse Lai Han, Henry's long service and experience essential for his continued re-election.
  • The re-election of Mr. Tse Lai Han, Henry as Director is seen as being in the best interests of the Company and Shareholders as a whole.
  • The resolutions also include the change of auditor and the adoption of new Articles of Association.
  • The Board has highlighted the valuable contributions of the candidates for re-election and their commitment to the company's growth.

Statistics:

  • The Board consists of six Directors.
  • Mr. Tse Lai Han, Henry has served as an Independent Non-Executive Director for over 9 years.
  • The resolutions include the re-election of two Directors, the change of auditor, and the adoption of new Articles of Association.

Sources:

  • https://www1.hkexnews.hk/listedco/listconews/sekh/2025/0718/2025071800309.pdf, "Circular dated 18 July 2025 to Shareholders in relation to the proposed re-election of Directors, the granting to the Directors of general mandates for the issue of Shares and the buy-back of Shares up to 20% and 10% respectively of the Company's issued Shares (excluding treasury shares, if any) as at the date of the resolutions, the change of auditor and the adoption of the New Articles of Association."