China Daye Non-Ferrous Metals Mining Limited Announces SGM to Approve Revised Annual Caps Under Key Sales Framework Agreement
Hong Kong, 9 June 2026 – China Daye Non-Ferrous Metals Mining Limited (“the Company”, Stock Code: 00661) has announced that it will convene a Special General Meeting (SGM) on Friday, 3 July 2026 for shareholders to consider and approve the revised annual cap amounts under the Yangxin Hongsheng Sales Framework Agreement, covering the three financial years ending 31 December 2028.
Key Points for Investors
- SGM Scheduled: The SGM is set for 3 July 2026, focusing on the approval of the revised annual caps for the Yangxin Hongsheng Sales Framework Agreement and the related transactions.
- Register of Members Closure: The register of members will be closed from Thursday, 25 June 2026 to Friday, 3 July 2026 (both days inclusive). During this period, no share transfers will be processed.
- Record Date: Only shareholders registered as of Friday, 3 July 2026 will be eligible to attend and vote at the SGM.
- Transfer Deadline: To qualify for attending and voting, all share transfers must be lodged with Tricor Investor Services Limited (17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong) by 4:30 p.m. on Wednesday, 24 June 2026.
- Distribution of SGM Documents: The Company will soon dispatch the circular, notice of the SGM, and relevant proxy forms to all shareholders.
- Board Composition: As of the announcement date, the Board includes two executive directors (Mr. Xiao Shuxin, Chairman, and Mr. Li Haibo) and three independent non-executive directors (Ms. Liu Fang, Mr. Wang Qihong, and Mr. Kong Hua).
Potentially Price-Sensitive Information
- Revision of Annual Cap Amounts: The proposal to revise the annual cap amounts under the Yangxin Hongsheng Sales Framework Agreement is significant. If approved, it may impact the Company’s future revenue streams and profitability, potentially affecting share price performance.
- Shareholder Approval Required: The SGM outcome could influence the Company’s strategic direction regarding its sales framework agreements. Investors should monitor this event closely as it may signal changes in business volume or partnership terms with Yangxin Hongsheng.
Important Information for Shareholders
- Action Required: Shareholders wishing to vote at the SGM must ensure their shares are registered by the deadline. Failing to do so may result in losing voting rights for this crucial meeting.
- Upcoming Documentation: Watch for the official circular and proxy forms, which will provide more details on the revised annual caps and the resolutions to be considered at the SGM.
This announcement is noteworthy for investors because changes to framework agreement caps can directly influence the Company’s business prospects, revenue visibility, and market valuation. The closure of the register and the need for shareholder action add to the importance of staying informed about these developments.
Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. Investors should exercise their own judgment and consult professional advisers before making any investment decisions related to China Daye Non-Ferrous Metals Mining Limited or its securities.
