iWOW Technology AGM 2025: Major Resolutions Passed, Strong Financials, and New Growth Initiatives Signal Bullish Outlook

Singapore, July 25, 2025 — iWOW Technology Limited (SGX: NBL) held its Annual General Meeting (AGM) at SAFRA Toa Payoh, unveiling a string of corporate developments that could set the tone for its future growth and share price dynamics. For retail investors, the AGM minutes paint a picture of a company on a solid trajectory, with clear financial strength, robust order books, and forward-looking new product initiatives. All resolutions were passed unanimously, underscoring strong shareholder support and confidence.

Key Points from the AGM

• All major resolutions were approved by shareholders with 100% of votes in favour.
• Solid financial performance for FY2025 was highlighted, with a healthy order book across all core business segments.
• Introduction of new products targeting the rapidly growing Age Tech sector, which could open fresh revenue streams.
• Renewal of share buy-back mandate, providing downside protection and potential upside for share prices via reduced float.
• Re-election of key board members, ensuring leadership stability and continuity.
• Approval for continued employee share incentive plans, supporting talent retention and operational alignment.

Financial Highlights and Business Update

CEO and Executive Director Mr. Bo Jiang Chek Raymond presented an update on the company’s business development. Financial highlights for the year ended March 31, 2025, were not detailed in the minutes but were referenced as strong, with information published on the SGX website. Key business segments with confirmed orders as of June 30, 2025 include:

• Smart Metering & Others (Smart City Solutions & IoT-as-a-Service)
• Electronic Monitoring Systems (IoT-as-a-Service)
• Wireless Engineering Solutions, Datacomm & Enterprise Solutions (Smart City Infrastructure)
• Alarm Alert System (IoT-as-a-Service)

Significantly, the company announced new product initiatives in the Age Tech sector, a rapidly growing industry as Singapore’s and the region’s population ages. This move could be a major growth driver and is potentially price sensitive, as it indicates diversification and expansion into new verticals with high demand and recurring revenue potential.

Resolutions Passed: What Investors Need to Know

1. Adoption of Audited Financial Statements for FY2025: Investors can take comfort in the company’s transparency and strong governance, with no questions raised or pushback from shareholders.

2. Approval of Directors’ Fees: Directors’ fees for FY2026 were set at S\$170,000, payable quarterly. This is in line with market practices and signals prudent cost management.

3. Re-election of Board Members: Both Chairman Mr. Soo Kee Wee and Independent Director Mr. Liew Kok Oon were re-elected, ensuring leadership stability. Mr. Liew continues as Chairman of the Remuneration Committee and member of key board committees, reinforcing governance standards.

4. Re-Appointment of Auditors: Forvis Mazars LLP’s re-appointment as auditors ensures continuity in financial oversight.

5. Authority to Issue Shares: The board was granted authority to issue shares up to 100% of issued capital, with a 50% cap on non-pro-rata issues. This flexibility allows the company to raise capital swiftly for expansion, acquisitions, or strategic initiatives—potentially price sensitive if utilized.

6. Share Buy-Back Mandate Renewed: The mandate allows buybacks up to 10% of issued shares at a maximum of 105% (market) or 120% (off-market) of the average closing price. This provides a cushion against share price volatility and can enhance shareholder value, especially if shares are perceived as undervalued.

7. Employee Share Option and Performance Share Plans: The board can issue up to 15% of issued shares under the company’s incentive schemes. This aligns employee and shareholder interests, potentially boosting performance through talent retention and motivation.

Shareholder Participation and Voting Results

Shareholders were actively involved, with all resolutions receiving 100% approval. Notably, there were no questions submitted in advance or during the meeting, reflecting either full satisfaction or trust in management’s direction.

What Could Move the Share Price?

• Expansion into Age Tech Sector: This initiative could unlock significant new revenue streams in a high-growth market, potentially boosting the company’s valuation.
• Share Buy-Back Flexibility: The renewed buy-back mandate allows management to support the share price if undervalued, providing downside protection and signaling confidence in the company’s future.
• Potential for Capital Raising: The authority to issue up to 100% of shares gives management flexibility to act quickly on M&A or strategic investments, which could be value-accretive if executed well.
• Board and Governance Stability: Leadership continuity reduces execution risk for ongoing and future projects, supporting a positive investment outlook.

Conclusion

iWOW Technology’s 2025 AGM reveals a company with strong fundamentals, strategic growth initiatives, and robust shareholder support. The foray into Age Tech, combined with prudent financial management and capital flexibility, positions iWOW for potential upside. Retail investors should watch closely for further announcements, especially regarding new product launches and any utilization of the share issue or buy-back mandates, as these could materially impact share valuation in the short- to medium-term.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult with a licensed financial advisor before making investment decisions.

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