Graphex Group Limited Announces Poll Results and Potential Major Disposal: Key Takeaways for Investors

Graphex Group Limited (Stock Code: 6128), a Cayman Islands incorporated company, has released the poll results of its Extraordinary General Meeting (EGM) held on 20 March 2026. This announcement contains several critical updates that shareholders and potential investors should be aware of, as they may have significant implications on the company’s future and share price.

Key Points from the EGM Announcement

• Approval of Major Resolution:
  Shareholders overwhelmingly approved, confirmed, and ratified an Agreement dated 1 December 2025, as well as the transactions contemplated thereunder. This includes the granting of a mandate to the Board to enter into a Definitive Agreement with a Purchaser for a Possible Disposal of company assets or interests. The mandate is valid for 18 months from the date of the EGM.
• Poll Results:
  The resolution received 100% support (240,347,027 votes in favour and none against) from the voting shareholders. The total number of issued shares was 941,313,336, and there were no restrictions or requirements for any shareholder to abstain from the vote.
• No Shareholder Opposition:
  No shareholders expressed an intention to vote against or abstain from the resolution, signaling widespread consensus for the proposed transaction.
• Director Attendance:
  All directors, except Mr. Ma Lida (due to other work commitments), attended the EGM.
• Scrutineer:
  Tricor Investor Services Limited, the Company’s branch share registrar and transfer office in Hong Kong, was appointed as the independent scrutineer for the poll.

Details and Implications of the Possible Disposal

• Nature of the Possible Disposal:
  The Company has been actively negotiating with a Purchaser for the possible disposal of company assets or interests. The approval gives the Board a clear mandate to proceed with these negotiations and ultimately enter into a Definitive Agreement if the Purchaser exercises their option.
• Option and Due Diligence:
  The Purchaser is currently conducting (or may conduct) due diligence on the Disposal Company during the option term. The Possible Disposal will only proceed if the Purchaser elects, at their sole discretion, to exercise this option before the end of the option period.
• Uncertainty and Risk:
  The Company emphasized that the Possible Disposal may or may not proceed, depending on whether the Purchaser exercises their option. This introduces a level of uncertainty, and the outcome could be price-sensitive.
• Further Updates:
  The Company has committed to making further announcements to keep shareholders and potential investors informed of any developments, in line with disclosure obligations under the Listing Rules.

Potentially Price-Sensitive Information for Shareholders

• Shareholder Mandate: The strong mandate from shareholders for the Possible Disposal provides management with flexibility. If the transaction proceeds, it could result in a significant change in the company’s asset base, financial position, and strategy, all of which are likely to affect share value.
• Transaction Uncertainty: The fact that the Purchaser holds sole discretion to proceed means there is inherent uncertainty. Investors should be aware that the Possible Disposal is not guaranteed, and any progress—or lack thereof—could impact the share price.
• Regulatory Compliance: The Company stresses its commitment to comply with all relevant Listing Rules, which is important for maintaining transparency and market confidence.

Conclusion

The approval of the Possible Disposal at the EGM marks a significant step for Graphex Group Limited. The outcome of ongoing negotiations and the Purchaser’s due diligence are now critical factors for the Company’s near-term prospects. Shareholders and investors should monitor future announcements closely, as this potential transaction could materially impact the company’s value and share performance.

Warning to Shareholders and Investors

The Possible Disposal is subject to the Purchaser’s sole discretion to exercise their option before the expiration of the option period. There is no certainty that the disposal will proceed. Shareholders and potential investors are advised to exercise caution when dealing in the Company’s securities.

Disclaimer: This article is for informational purposes only and does not constitute an offer or solicitation to buy or sell any securities. Investors should perform their own due diligence and consult professional advisors before making investment decisions. The information is based on public disclosures by Graphex Group Limited as of 20 March 2026.

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