Shenzhen Pagoda Industrial (Group) Corporation Limited Announces 2026 First Extraordinary General Meeting
Shenzhen Pagoda Industrial (Group) Corporation Limited (“Pagoda” or “the Company”, Stock code: 2411) has issued a notice regarding its 2026 First Extraordinary General Meeting (EGM), scheduled for 1:30 p.m. on Friday, May 29, 2026 at the Conference Room, 18th Floor, Pagoda Technology Building, Yantian District, Shenzhen, Guangdong Province, China.
Key Resolution for Consideration
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Approval of Connected Transaction:
- The EGM will consider and approve a proposed connected transaction involving the Company’s provision of financial assistance to a connected subsidiary.
- This relates specifically to a supplemental agreement to a loan agreement entered into by the Company and Shenzhen Pagoda Commercial Management Co., Ltd. (“Pagoda Commercial Management”) on September 30, 2025, as well as a subsequent loan agreement entered into on February 2, 2026.
- This transaction could materially impact the Company’s financial position and operations, possibly influencing share value depending on the terms and implications of the loan and the performance of the connected subsidiary.
Important Information for Shareholders
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Voting and Attendance:
- The resolution at the EGM will be conducted by poll, ensuring transparency in shareholder voting.
- Poll results will be published on the websites of the Stock Exchange (www.hkexnews.hk) and the Company (www.pagoda.com.cn).
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Eligibility to Attend and Vote:
- The register of members will be closed from Tuesday, May 26, 2026 to Friday, May 29, 2026, during which no share transfers will be registered.
- Only shareholders whose names appear on the register as of May 29, 2026, are entitled to attend and vote.
- Share transfer documents must be lodged with Computershare Hong Kong Investor Services Limited by 4:30 p.m., Friday, May 22, 2026.
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Proxy Arrangements:
- Shareholders may appoint one or more proxies to attend and vote on their behalf. Proxies do not need to be shareholders of the Company.
- Proxy forms must be returned to Computershare Hong Kong Investor Services Limited no later than 24 hours before the EGM (i.e., by 1:30 p.m., Thursday, May 28, 2026).
- Completion and return of a proxy form does not preclude shareholders from attending and voting in person if they so wish.
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Procedural Details:
- For joint shareholdings, only the holder whose name appears first in the register is entitled to vote if multiple holders are present.
- Shareholders and proxies must present valid identity documents and/or proxy forms at the EGM.
- Corporate shareholders must provide notarially certified appointment or authorization documents.
- The EGM is expected to last no more than half a business day. Attendees are responsible for travel and accommodation expenses.
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Contact Information:
- For any enquiries regarding the EGM, shareholders may contact the Company at +86-0755-84656341 or [email protected] during business hours (9:00 a.m. to 6:00 p.m., Monday to Friday, excluding public holidays in the PRC).
Board Composition
As of the date of the notice, the Board of Directors comprises:
- Executive Directors: Mr. YU Huiyong (Chairman), Ms. XU Yanlin, Mr. TIAN Xiqiu, Mr. ZHU Qidong
- Non-executive Director: Mr. JIAO Yue
- Independent Non-executive Directors: Dr. JIANG Yanbo, Mr. MA Ruiguang, Dr. WU Zhanchi, Mr. CHEUNG Yee Tak Jonathan, Ms. ZHU Fang
Potential Impact on Share Price
The EGM is convened to approve a connected transaction involving financial assistance to a subsidiary. This is a significant event as it may affect the Company’s liquidity, risk profile, and future earnings. Investors should closely monitor developments, as approval or rejection of the transaction could be price sensitive, particularly if it alters the Company’s financial exposure or strategic direction. The specifics of the loan agreement and the performance of Pagoda Commercial Management will be critical to evaluating the impact.
Disclaimer
This article is for informational purposes only and should not be construed as investment advice. Shareholders and investors are encouraged to review the official circular and seek professional financial advice before making any investment decisions. The outcome of the EGM and the details of the connected transaction may materially impact the Company’s operations and share price.
