Walnut Capital Limited Announces Key Poll Results from Special General Meeting

Significant Transactions Ratified by Overwhelming Shareholder Support

Walnut Capital Limited (Stock Code: 905) has announced the results of its Special General Meeting (SGM) held on 5 March 2026. The meeting saw shareholders vote on two major resolutions related to substantial transactions involving the acquisition and disposal of USDT (Tether), a widely used stablecoin in the cryptocurrency market.

Key Points from the SGM:

• Both resolutions were overwhelmingly approved by shareholders, with more than 99.99% of votes cast in favour and only a negligible number against.
• Resolution 1: Shareholders approved, confirmed, and ratified the acquisition of an aggregate of 5,246,465.432 USDT for a total consideration of USD 5,255,099.97. The transactions occurred in the open market between 11 December 2024 and 18 December 2024 and involved purchases from independent third parties.
• Resolution 2: Shareholders also approved, confirmed, and ratified the disposal of an aggregate of 4,374,946.54 USDT at the same value, USDT 4,374,946.54, in open market transactions to independent third parties. These disposals took place between 17 January 2025 and 11 March 2025.

Shareholder and Voting Details

• The total number of shares in issue and eligible to vote at the SGM was 1,050,500,887.
• There were no treasury shares and no restrictions or requirements for abstentions on the voting of the resolutions. This means all shareholders could participate fully.
• Importantly, no parties indicated an intention to vote against or abstain from the resolutions prior to the meeting.
• All directors attended the SGM, either in person or via electronic means, showing strong governance and oversight.
• Tricor Investor Services Limited acted as the scrutineer to ensure the integrity of the poll results.

Potential Impact and Price-Sensitive Information

• The ratification of these large-scale cryptocurrency transactions could be price-sensitive, as they indicate a strategic move by Walnut Capital Limited into or out of sizeable digital asset positions.
• The acquisition and disposal of USDT in significant volumes suggest active treasury or investment management, which may reflect on the company’s risk profile, liquidity strategy, and exposure to digital asset market fluctuations.
• Given the transparency and shareholder approval of these transactions, the company demonstrates a commitment to corporate governance and shareholder engagement, which is positive for investor confidence.
• Investors should note that the active management of digital assets may introduce additional volatility to the company’s earnings and share price, depending on future market conditions for USDT and related cryptocurrencies.

Board Composition

As of the date of the announcement, the Board comprises:

• Two Executive Directors: Mr. Mung Kin Keung (Co-chairman) and Mr. Mung Bun Man, Alan
• One Non-executive Director: Mr. Mung Hon Ting, Jackie (Co-chairman)
• Three Independent Non-executive Directors: Mr. Fung Wai Ching, Mr. Chung Wang Hei, and Ms. Cheng Hiu Ching

Conclusion

The ratified resolutions and the company’s ongoing involvement in digital asset markets are noteworthy for investors. These actions may have implications for Walnut Capital Limited’s financial performance and risk profile, making it essential for shareholders and potential investors to stay informed about future developments.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult professional advisors before making any investment decisions. The company’s involvement in digital assets may expose it to additional risks and volatility. Past actions are not indicative of future results.

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