Jiahua Stores Holdings Limited Announces Approval of Lease Agreements at Extraordinary General Meeting

Key Highlights

• All resolutions set out in the EGM notice were approved by Independent Shareholders.
• The resolution relates to key Lease Agreements and associated transactions as detailed in the company’s circular dated 27 March 2026.
• Strong shareholder support, with 100% of votes cast in favour of the resolution.
• Directors and substantial shareholders holding approximately 73.3% of shares abstained from voting due to their interests in the transaction.
• The resolution’s approval authorises the Board to execute and implement all necessary actions and variations related to the Lease Agreements.

Details of the Poll Results

The board of directors of Jiahua Stores Holdings Limited has announced that, at the Extraordinary General Meeting (EGM) held on 20 April 2026, all resolutions as set out in the EGM notice were passed by Independent Shareholders through a poll. The poll was overseen by Tricor Investor Services Limited, the company’s Hong Kong branch share registrar.

Ordinary Resolution Approved

The main resolution considered and approved at the EGM related to the terms of certain Lease Agreements and the transactions contemplated under these agreements. The resolution also empowered the Board to execute all documents and take necessary steps to effect the Lease Agreements, as well as to agree to any amendments or waivers deemed in the Company’s interests.

• Votes in favour: 3,497,502 (100%)
• Votes against: 0 (0%)
• Resolution was passed as an ordinary resolution, as more than 50% of votes were in favour.

Shareholder Participation and Voting Details

• Total shares in issue: 1,037,500,002
• Major shareholders, including Mr. Zhuang, Mrs. Zhuang, and their associates (representing about 73.3% of issued shares), abstained from voting due to interests in the Lease Agreements.
• Total shares entitling holders to attend and vote on the resolution: 277,015,002
• No shares entitled holders to vote only against the resolution.
• No shareholders indicated any intention to vote against the resolution prior to the EGM.

Potential Price-Sensitive Information for Investors

• The approval of Lease Agreements and associated transactions may have a direct impact on the company’s operating costs, revenue streams, and strategic direction.
• The high proportion of shares held by the Zhuang family and their associates (73.3%) and their required abstention underscores the significance of related-party transactions, which may be scrutinised by investors for governance and transparency.
• Strong approval by independent shareholders (with 100% voting in favour) may indicate broad support for the company’s strategic initiatives, which could be viewed positively by the market.
• As the resolution gives the Board broad authority to amend or vary the agreements as they see fit, investors should monitor future company announcements for any material developments or changes to the Lease Agreements.

Board Attendance and Company Leadership

• The EGM was attended by Executive Director Mr. Zhuang Pei Zhong and Independent Non-Executive Director Madam Ying Chi Kwan.
• As of the date of the announcement, the Board comprises Executive Directors Mr. Zhuang Lu Kun (Chairman), Mr. Zhuang Pei Zhong, and Mr. Zhuang Xiao Xiong, along with Independent Non-Executive Directors Mr. Chin Kam Cheung, Mr. Sun Ju Yi, Mr. Ai Ji, and Madam Ying Chi Kwan.

Conclusion

The approval of the Lease Agreements and associated transactions at the EGM marks a significant step for Jiahua Stores Holdings Limited. The outcome, which saw unanimous support from independent shareholders, may be interpreted as a vote of confidence in the company’s management and strategy. However, investors should remain attentive to future disclosures regarding the implementation and any potential amendments to the Lease Agreements, as these could have material impacts on the company’s financial performance and corporate governance outlook.

Disclaimer: This report is a summary and interpretation of official company disclosures for informational purposes only. It does not constitute investment advice. Investors should review the original documents and consult professional advisers before making investment decisions.

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