Hanking Gold International Announces Extraordinary General Meeting for Major Share Acquisition

Key Highlights for Investors

• Extraordinary General Meeting (EGM) Scheduled: Hanking Gold International Limited (“the Company”) has called an EGM to be held on Friday, 22 May 2026 at 10:00 a.m., at L HUB, 2F, Building 1, Lujiazui Century Financial Plaza, No. 729 South Yanggao Road, Pudong New Area, Shanghai, PRC.
• Significant Share Purchase Agreement: The Company seeks shareholder approval for a Share Purchase Agreement signed on 26 March 2026. Under this agreement, Hanking Gold will acquire 9.56% of the total issued shares of the Target Company from several vendors.
• Consideration Shares and Pricing: The purchase will be settled by issuing 203,647,733 new shares (“Consideration Shares”) at an issue price of HK\$4.0 per Consideration Share to the vendors. This increases the total share base and could impact the Company’s market capitalization and share price.
• Specific Mandate for Directors: The Board is seeking approval for a Specific Mandate which allows directors to allot and issue the Consideration Shares, in addition to any existing mandates.
• Authorization for Directors: Directors may also be empowered to execute all documents and take necessary actions for the implementation or amendment of the Share Purchase Agreement.

Details and Implications for Shareholders

• Voting and Proxy Arrangements: Shareholders are entitled to appoint proxies to vote on their behalf. Proxy forms must be submitted to Computershare Hong Kong Investor Services Limited at least 48 hours before the meeting.
• Closure of Register of Members: The Company’s transfer books will be closed from Friday, 15 May 2026 to Friday, 22 May 2026. Only shareholders recorded as of 22 May 2026 are eligible to attend and vote at the EGM.
• Voting by Poll: In compliance with the Listing Rules, the vote on the resolution will be conducted by poll, ensuring transparency and fairness.
• Board Composition: The Board comprises a mix of executive, non-executive, and independent non-executive directors, providing balanced oversight.

Potential Price-Sensitive Information

• Significant Dilution and Expansion: The issuance of over 203 million new shares at a fixed price is a major event. This could lead to share dilution for existing shareholders but also signals confidence in the Target Company’s value.
• Strategic Investment: Acquiring a 9.56% stake in the Target Company could signal a strategic realignment or expansion for Hanking Gold, possibly influencing future earnings and market positioning.
• Share Price Impact: The fixed issue price of HK\$4.0 per Consideration Share could set a reference point for market participants, and news of a sizeable deal may drive trading activity and valuation reassessment.

What Shareholders Should Do

• Review the details of the Share Purchase Agreement and consider the impact of share dilution against potential growth opportunities from the acquired stake.
• Ensure eligibility by confirming share registration before the record date.
• Consider voting in person or by proxy to have a say in this potentially transformative transaction.

Conclusion

The upcoming EGM represents a pivotal moment for Hanking Gold International Limited, with shareholders being asked to approve a major acquisition and corresponding share issuance. Given the scale of the share issue and the strategic implications of the purchase, the outcome could have a material impact on the Company’s future direction and share price.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should read the Company’s full circular and consult professional advisers before making any investment decisions. The information is based on the Company’s public announcement and may be subject to change.

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