Gilston Group Limited Announces Extraordinary General Meeting and Major Equity Disposal

Key Points for Investors

• Extraordinary General Meeting (EGM) Scheduled: The EGM will be held on 30 March 2026 at 11:00 a.m., at The Langham, Hong Kong.
• Major Transaction on Agenda: Shareholders are called to approve the disposal of the entire equity interests in KEE (Hubei) Zippers Manufacturing Company Limited (“Kee Hubei”) by KEE (Guangdong) Garment Accessories Limited (“KEE Guangdong”) to Yichuang (Hubei) Zippers Manufacturing Company Limited (the “Purchaser”).
• Equity Transfer Agreement: The transaction is governed by an Equity Transfer Agreement dated 19 December 2025. This agreement, marked as “A”, will be available at the EGM for inspection and has been initialled by the chairman for identification purposes.
• Director Authorization: If approved, directors will be authorized to execute all necessary documents and actions to implement the transaction and handle related matters, including amendments or waivers as needed.

Important Shareholder Information

• Proxy Voting: Shareholders entitled to attend and vote at the EGM can appoint one or more proxies, who do not need to be shareholders themselves.
• Procedure for Proxy Appointment: Proxy forms and related documents must be submitted to the Company’s share registrar, Tricor Investor Services Limited, before 11:00 a.m. on 28 March 2026.
• Joint Shareholders: In the case of joint registered holders, only the first named holder on the register may vote if more than one is present.
• Share Transfer Freeze: The register of members will be closed from 25 March 2026 to 30 March 2026, during which no share transfers will be processed. To attend and vote, share transfer forms and certificates must be lodged by 4:30 p.m. on 24 March 2026.
• Record Date: The record date for determining shareholder eligibility to attend and vote at the EGM is 30 March 2026.

Potential Price-Sensitive Implications

• Strategic Disposal: The sale of Kee Hubei represents a significant change in the asset base of Gilston Group Limited, which could materially affect the company’s operations, financial position, and future prospects. This type of transaction is typically considered price-sensitive and may impact the share value depending on the terms, rationale, and proceeds of the disposal.
• Shareholder Approval Required: The transaction is subject to shareholder approval, which introduces an element of uncertainty. The outcome of the EGM and the subsequent execution of the equity transfer agreement could trigger investor reactions.
• Management Involvement: With the board and executive directors authorized to handle all related matters, investors should monitor any subsequent disclosures regarding the completion, terms, or amendments to the agreement.

Directorate Details

Board Composition: The executive directors as of the date of the notice are Mr. Yip Siu Lun Dave (Chairman), Mr. Mak Yung Pan Andrew, Mr. Wu Cody Zhuo-xuan, and Ms. Cheung Ka Yuen. The non-executive director is Ms. Lin Ping, and the independent non-executive directors are Mr. Leung Ka Tin, Mr. Cheng Hong Kei, and Mr. Ko Kwok Shu.

Conclusion

The upcoming EGM and the proposed disposal of Kee Hubei are critical developments for Gilston Group Limited and its shareholders. Investors should closely follow the meeting outcome and any subsequent updates, as this transaction could materially impact the company’s future direction and share price.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult professional advisers before making any investment decisions related to Gilston Group Limited.

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