WAH SUN HANDBAGS INTERNATIONAL HOLDINGS LIMITED Proposes Resolutions at 2025 AGM

Strategic Insights -

The Directors of WAH SUN HANDBAGS INTERNATIONAL HOLDINGS LIMITED will propose several resolutions at the 2025 Annual General Meeting (AGM), including the grant of the Issue Mandate and Repurchase Mandate, the payment of a Final Dividend and Special Dividend, and the re-election of retiring Directors. The purpose of this circular is to inform Shareholders of the proposed resolutions and to enable them to make an informed decision on whether to vote for or against them. The resolutions aim to provide the Directors with the necessary authority to allot, issue, and deal with shares, as well as to repurchase shares, in order to enhance the Company's financial flexibility and capacity.

Key Takeaways:

  • The Directors will propose the grant of the Issue Mandate, which will authorize the allotment, issue, and dealing with up to 81,725,200 shares, representing 20% of the total number of shares in issue, excluding treasury shares.
  • The proposed Repurchase Mandate will allow the Company to repurchase up to 40,862,600 shares, representing 10% of the total number of shares in issue, excluding treasury shares.
  • The Issue Mandate and Repurchase Mandate will be valid until the conclusion of the next AGM, the expiration of the period within which the next AGM is required to be held, or the date on which such authority is revoked, varied, or renewed by an ordinary resolution of the Shareholders.
  • The resolutions also propose the payment of a Final Dividend and Special Dividend, as well as the re-election of retiring Directors.
  • The resolutions aim to enhance the Company's financial flexibility and capacity, and to provide the Directors with the necessary authority to manage the Company's share capital and treasury shares.

Statistics:

  • 4,086,260,000 shares in issue (as at the latest practicable date)
  • Up to 81,725,200 shares that can be allotted, issued, and dealt with under the Issue Mandate (20% of the total number of shares in issue, excluding treasury shares)
  • Up to 40,862,600 shares that can be repurchased under the Repurchase Mandate (10% of the total number of shares in issue, excluding treasury shares)

Sources:

  • WAH SUN HANDBAGS INTERNATIONAL HOLDINGS LIMITED (2025) - Circular relating to the 2025 Annual General Meeting. (Available at: https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0710/2025071000347.pdf)