EPI (Holdings) Limited – Poll Results of Special General Meeting: Rights Issue Approved by Shareholders

Key Highlights for Investors

• Approval of Rights Issue and Underwriting Agreement: Shareholders voted in favor of the proposed rights issue, underwriting agreement, and associated transactions at the Special General Meeting (SGM) held on 6 March 2026.
• Voting Results: The resolution received strong support with 80.70% (292,750,565 votes) in favor and 19.30% (70,018,500 votes) against.
• Total Shares Eligible to Vote: All 619,243,904 issued shares were eligible for voting, with no shareholders required to abstain or barred from voting.
• Unanimous Director Participation: All six directors attended the SGM in person.
• No Controlling Shareholder: The company confirms there are no controlling shareholders, and no directors or chief executive (or their associates) had any interests in the shares as of the SGM date.

Details of the Resolutions and Implications for Shareholders

At the SGM, the sole ordinary resolution was to approve the proposed rights issue, the underwriting agreement, and the transactions contemplated under these arrangements. The rights issue is a significant corporate action that may lead to potential dilution for non-participating shareholders, but it also provides an opportunity for existing shareholders to increase their holdings at a set price. The details of the rights issue were set out in the circular dated 13 February 2026.

The resolution passed comfortably, signaling strong shareholder support for the company’s capital-raising plan. This move could have material implications for the company’s funding structure, future expansion, and share price performance. The successful approval of the rights issue means the company is now authorized to proceed with the capital raising and any subsequent transactions detailed in the underwriting agreement.

Shareholder Considerations and Price Sensitivity

• Potential Dilution and Investment Opportunity: Shareholders should carefully consider the impact of the rights issue on their holdings. Those who do not participate may experience dilution, while those who do can potentially increase their stake in the company at the rights issue price.
• Impact on Share Price: Rights issues often lead to short-term volatility in share price as the market digests the effects of the new shares being issued. The market reaction will likely depend on the pricing of the rights issue, its size, and investor appetite.
• No Requirement for Abstention: No shareholders were required to abstain from voting, and there were no stated intentions from any shareholders to vote against or abstain. This removes any overhang or uncertainty regarding conflicts of interest.
• Regulatory Compliance: The company confirmed full compliance with the Hong Kong Listing Rules, including Rule 7.27A(1) and Rule 13.40, ensuring transparency and fairness in the voting process.

Additional Corporate Governance Notes

• All directors attended the meeting, underscoring the importance of the resolution and the commitment of the board to transparency and shareholder engagement.
• Tricor Investor Services Limited served as the scrutineer for the poll, providing assurance of an independent and accurate vote count.
• The board comprises three executive directors (Mr. Chan Shui Yuen, Mr. Bai Zhifeng, and Mr. Wang Jinglu) and three independent non-executive directors (Mr. Pun Chi Ping, Mr. Khoo Wun Fat, William, and Ms. Jiao Jie).

What’s Next for Shareholders?

With the rights issue approved, shareholders should review the detailed terms of the offer (as laid out in the circular) and decide on participation. The company is now authorized to execute the rights issue and related transactions, which could impact share capital, financial structure, and market sentiment.

Conclusion

The approval of the rights issue marks a pivotal step for EPI (Holdings) Limited’s capital management and future strategy. Investors should stay alert for further announcements regarding the rights issue timetable, subscription price, and other terms, as these will be crucial for assessing the impact on share value and making informed investment decisions.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult their financial advisors before making any investment decisions in relation to EPI (Holdings) Limited or its securities.

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