XINHUA NEWS MEDIA HOLDINGS LIMITED Requests Shareholders' Approval for Repurchase and Issuance Mandates

Strategic Insights -

XINHUA NEWS MEDIA HOLDINGS LIMITED will be seeking shareholders' approval at the upcoming annual general meeting (AGM) for the granting of repurchase and issuance mandates to its directors. The company intends to repurchase up to 10% of its issued shares, or approximately 193,106,979 shares, and issue new shares not exceeding 20% of its issued shares, or up to 386,213,959 new shares. The repurchase and issuance mandates will remain in force until the conclusion of the next AGM or any earlier date specified in the proposed resolutions.

Key Takeaways:

  • The company plans to repurchase up to 10% of its issued shares, totaling approximately 193,106,979 shares.
  • Shareholders will be asked to approve the issuance of new shares not exceeding 20% of the company's issued shares, up to a maximum of 386,213,959 new shares.
  • The repurchase and issuance mandates will continue until the next AGM or an earlier date specified in the proposed resolutions.
  • The company will not seek to exceed the limits set by the proposed resolutions for the repurchase of shares.
  • The Issuance Mandate will be extended to include additional shares repurchased under the Repurchase Mandate.

Statistics:

  • Up to 193,106,979 Shares may be repurchased under the Repurchase Mandate.
  • The maximum number of new Shares to be issued under the Issuance Mandate is 386,213,959.
  • The number of Shares in issue as of the Latest Practicable Date is 1,931,069,796.

Sources:

  • XINHUA NEWS MEDIA HOLDINGS LIMITED: "Circular dated 8 November 2025 - Request for Approval of Resolutions to include the Granting of General Mandates to Repurchase Shares and to Allot, Issue or Deal with New Shares and the Re-election of the Directors" (available at https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0811/2025081100253.pdf)