Hing Yip Holdings Limited Announces Overwhelming Approval for New Remuneration and Performance Management Code

Key Points from the Special General Meeting (SGM)

• SGM Date: 10 March 2026
• Resolution Passed: Abolition of the existing remuneration and performance management code for directors and senior management, and adoption of a new code
• Voting Results: 99.99% of votes in favour, 0.01% against. Total votes: 1,207,813,527 for, 30 against
• Immediate Effect: Changes take effect immediately
• Director Authorization: Directors authorized to take all necessary actions to implement the new code

Details of the Resolution

1. Abolishment of Existing Code: The current remuneration and performance management code for directors and senior management has been abolished. This marks a significant shift in corporate governance and compensation practices.
2. Adoption of New Code: Shareholders approved the immediate adoption of a new remuneration and performance management code for directors. A summary of the new code was previously provided in Appendix I of the circular dated 16 February 2026.
3. Director Powers: Any director of the Company is authorized to execute all documents and make arrangements deemed necessary to effect and record the adoption of the new code.

Important Information for Shareholders

• Potential Price Sensitivity: Changes to director and senior management remuneration and performance management can directly impact the company’s governance, risk profile, and future performance. Investors should review the summary of the new code to assess its implications for management incentives and alignment with shareholder interests.
• No Shareholder Restrictions: All issued and fully paid shares (1,712,329,142) were eligible for voting. There were no shares requiring holders to abstain or vote only in favour, and no treasury shares or repurchased shares pending cancellation.
• Board Composition: The Board comprises two executive Directors (Mr. HE Xiangming – Chairman, Mr. FU Weiqiang – President), one non-executive Director (Mr. LIU Jiali), and three independent non-executive Directors (Mr. CHAN Kwok Wai, Mr. PENG Xinyu, Ms. LIN Junxian). All directors attended the SGM.
• Scrutineer: Tricor Investor Services Limited acted as scrutineer for the vote-taking process, ensuring transparency and integrity.
• Further Information: Shareholders and interested parties can access the full circular detailing the new code via the company’s website or the Hong Kong Stock Exchange’s designated website.

Implications for Investors

The approval and immediate adoption of a new remuneration and performance management code is a major development for Hing Yip Holdings Limited. Such governance changes often reflect a shift in strategic direction, potentially affecting director incentives, company risk appetite, and future earnings trajectories. Investors are strongly encouraged to review the summary of the new code, as changes in executive compensation can be material to share price performance, especially if the new code introduces performance-linked incentives, restricted share awards, or other mechanisms that tie management interests closer to shareholder returns.

The decisive vote in favour of the resolution signals broad shareholder support, which could be interpreted positively by the market. However, the specifics of the new code, which are available in the referenced circular, will be critical in assessing the full impact on the company’s governance and share value.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult professional advisors before making any investment decisions related to Hing Yip Holdings Limited. The information presented is based on official announcements and may be subject to further updates or clarifications by the company or regulatory authorities.

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