China Environmental Resources Group Limited Announces Poll Results of Annual General Meeting

Key Highlights from the AGM Held on 4 December 2025

• All Resolutions Passed: All six ordinary resolutions and one special resolution proposed at the Annual General Meeting (AGM) were passed with overwhelming support, receiving 99.9271% of votes in favour.
• Board Stability: The re-election of key executive and independent non-executive directors, including Mr. Leung Kwong Choi, Mr. Chik To Pan, and Mr. Heung Chee Hang, Eric (who has served as an independent non-executive director for over 9 years), was confirmed, ensuring continuity in the company’s leadership.
• Financial Reporting and Auditor Appointment: The Company’s audited consolidated financial statements for the year ended 30 June 2025 were adopted, and ZHONGHUI ANDA CPA Limited was re-appointed as auditor.
• Share Issuance and Repurchase Mandates: The board was granted general mandates to issue new ordinary shares and to repurchase existing shares, as well as to extend the issuance mandate.
• Major Corporate Governance Update: Shareholders approved amendments to the Company’s memorandum and articles of association, adopting a new amended and restated version, with 99.9271% votes in favour. This is a special resolution requiring at least 75% approval, and its passage can have implications for the company’s future governance and operational flexibility.
• Share Capital and Voting Structure: As of the AGM date, the Company had 562,869,147 issued and fully paid-up shares. For the AGM, 488,769,147 shares were entitled to vote. There were no shares requiring abstention or with special voting conditions, and no treasury shares or shares pending cancellation.
• Full Director Attendance: All directors attended the AGM, either in person or by electronic means, signaling strong governance and board engagement.

Details Investors Should Note

• Unanimity and Stability: The extremely high level of support for all resolutions indicates strong shareholder confidence in current management and strategic direction.
• Corporate Governance Change: The approved amendments to the memorandum and articles of association may affect shareholder rights, board powers, and corporate procedures. Investors should review these amendments, as such changes can have long-term implications for governance and control.
• Share Issuance and Buyback Mandates: The renewed mandates for share issuance and repurchase provide the board with flexibility to raise capital or return value to shareholders as market conditions warrant. This could impact share supply and liquidity, and potentially affect the share price if these powers are exercised.
• No Shareholder Opposition: No shareholders had stated an intention to vote against or abstain from any of the resolutions, and there were no regulatory requirements for abstention. This further supports the view of consolidated shareholder support.

Potential Price-Sensitive Factors

• Governance Amendments: Material changes to corporate governance documents can affect investor perception and valuation, depending on the nature of the changes adopted.
• Flexibility in Share Capital Management: The ability to issue or buy back shares could lead to capital-raising exercises, acquisitions, or shareholder return initiatives, impacting the share price.
• Director Continuity: The re-appointment of experienced directors, including long-serving independent directors, may be viewed positively by investors valuing stability, or negatively if there are concerns about board refreshment.

Other Important Information

• Transparency: Union Registrars Limited acted as scrutineer for the vote-taking process, ensuring transparency and accuracy.
• Availability of Information: Shareholders and investors are encouraged to review the circular with full details of the resolutions on the company’s website (www.cergroup.com.hk) and the HKEX and SGX websites.

Board Composition as of AGM Date

• Executive Directors: Mr. Yeung Chi Hang (Chairman), Mr. Leung Kwong Choi, Mr. Wong Po Keung, Mr. Chung Siu Wah, Mr. Chik To Pan, and Mr. Liu Yafei.
• Independent Non-Executive Directors: Mr. Heung Chee Hang, Eric; Mr. Lee Chi Ho; and Ms. Lai Pik Chi Peggy.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with professional advisers before making investment decisions. The information is based on official announcements by China Environmental Resources Group Limited as of 4 December 2025 and may be subject to change without notice.

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