Powerlong Real Estate Holdings Limited Announces Extraordinary General Meeting to Approve Major Agreement

Powerlong Real Estate Holdings Limited (Stock Code: 1238) has issued a notice to convene an Extraordinary General Meeting (EGM) for its shareholders. The meeting is scheduled for 10:00 a.m. on Wednesday, 18 March 2026 at Meeting Room 716, Powerlong Tower, No. 1399 Xinzhen Road, Minhang District, Shanghai, PRC.

Key Points for Investors

• Purpose of the EGM: The primary agenda is the review and approval of a significant Agreement, as detailed in the Company’s circular dated 25 February 2026. The resolution seeks shareholder approval to:
  • Approve, confirm, and ratify the Agreement and all related transactions and matters.
  • Authorize any one Director (or two Directors if the company seal is needed) to execute all necessary documents and take actions to implement the Agreement, including making variations, amendments, or waivers as deemed beneficial for the Company.
• Directorial Authority: The Board seeks broad authorization from shareholders, empowering Directors to act with discretion regarding the Agreement and its related transactions. This could enable the Company to act swiftly on strategic decisions that may impact future performance.
• Potential Price Sensitivity: The subject Agreement and its contemplated transactions could significantly affect the Company’s business operations, strategy, or financial standing. Shareholders should note that the approval or rejection of this resolution may have a material impact on the Company’s share price, depending on the nature and scale of the Agreement involved.

Shareholder Information: Voting and Attendance

• Proxy Arrangements: Shareholders unable to attend may appoint a proxy (who need not be a shareholder) to vote at the EGM. Multiple proxies are permitted for holders of more than one share.
• Joint Holders: In cases of joint shareholding, the most senior holder (as per the register) present will have the voting right.
• Proxy Submission Deadline: Proxy forms and any supporting authority documents must be submitted to Computershare Hong Kong Investor Services Limited (17M Floor, Hopewell Centre, 183 Queen’s Road East, Hong Kong) at least 48 hours before the EGM.
• Register of Members Closure: The register will be closed from Friday, 13 March 2026 to Wednesday, 18 March 2026. No share transfers will be registered during this period. Shareholders wishing to vote must ensure transfers are lodged by 4:30 p.m. on Thursday, 12 March 2026.
• Record Date: The record date for determining voting eligibility is Wednesday, 18 March 2026.
• Attending the EGM: Submission of a proxy form does not preclude the right to attend and vote in person; in such cases, the proxy is revoked.

Board of Directors

• Executive Directors: Mr. Hoi Kin Hong (Chairman), Mr. Hoi Wa Fong, Mr. Xiao Qing Ping, Mr. Zhang Hong Feng
• Non-Executive Director: Ms. Hoi Wa Fan
• Independent Non-Executive Directors: Mr. Au Yeung Po Fung, Dr. Mei Jian Ping, Dr. Ding Zu Yu, Ms. Liu Xiao Lan

Investor Takeaways

• This EGM represents a potentially price-sensitive event for Powerlong Real Estate Holdings Limited, as the approval of the Agreement could signal a major corporate action or strategic transaction.
• Shareholders are strongly encouraged to review the accompanying circular for full details of the Agreement before casting their votes.
• Active participation in this meeting is crucial, as the outcome may have a direct bearing on the Company’s future direction and share valuation.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to review official company documents and consult with financial advisors before making investment decisions. The potential impact on share price will depend on the specific details and execution of the Agreement discussed at the EGM.

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