MeiG Smart Technology Co., Ltd. Announces First Extraordinary General Meeting of 2026

MeiG Smart Technology Co., Ltd. (Stock code: 3268), a leading provider of IoT solutions listed on the Hong Kong Stock Exchange, has issued a formal notice to convene its first Extraordinary General Meeting (EGM) for the year 2026. The meeting is scheduled to take place at 3:00 p.m. on Monday, 30 March 2026, at the 32nd Floor, Block B, Shenzhen International Innovation Center, Futian District, Shenzhen, Guangdong Province, PRC.

Key Points Investors Need to Know

• Appointment of New Auditor: The primary agenda of the EGM is the proposal to appoint Ernst & Young as the auditor of the Company for the fiscal year 2025. If approved, their appointment will become effective from the close of the EGM and will continue until the conclusion of the next annual general meeting.
• Authorization to Fix Remuneration: The Company’s management will be authorized to determine and fix the remuneration of the newly appointed auditor for the year 2025.

Implications for Shareholders and Share Price

• Potential Price Sensitivity: The appointment of a Big Four auditor like Ernst & Young is a significant development. Such appointments are generally seen as a positive move towards enhanced corporate governance, transparency, and financial reporting standards. This could improve investor confidence in the Company, potentially impacting its share price positively.
• Shareholder Voting Rights: All shareholders whose names appear on the register of members as of the close of business on 25 March 2026 are entitled to attend and vote at the EGM. Shareholders may also appoint proxies to attend and vote on their behalf. Multiple proxies can be appointed, but only one can vote.
• Procedural Requirements: Shareholders wishing to attend the EGM must ensure their shares are registered by 4:30 p.m. on 24 March 2026. The register will be closed from 25 March to 30 March 2026. All necessary proxy forms and notarized documents must be delivered to Computershare Hong Kong Investor Services Limited no less than 24 hours before the EGM.
• Voting Method: Voting will be conducted by poll, allowing shareholders one vote per share held. Proxies and shareholders are not required to cast all votes in the same manner.

Other Important Information

• Physical Attendance: Shareholders and proxies attending the meeting must bring valid identification and supporting documents. Legal persons must provide resolutions authorizing attendance.
• Logistical Notes: The EGM is expected to last less than half a day. Attendees are responsible for their own travel and accommodation expenses.
• Weather Contingency: In the event of severe weather, the Company will post updates regarding rescheduling on the Hong Kong Stock Exchange website. Shareholders should independently decide whether to attend in adverse conditions.

Board Composition

The current Board of Directors comprises executive directors Mr. Wang Ping (Chairman), Mr. Du Guobin, Mr. Xia Youqing, Mr. Huang Min, and independent non-executive directors Dr. Ma Lijun, Mr. Yang Zheng, and Ms. Liu Jia.

Conclusion

The proposed appointment of Ernst & Young as auditor is a notable event for MeiG Smart Technology Co., Ltd., reflecting a commitment to international best practices and potentially influencing investor sentiment and share value. Shareholders are encouraged to participate in this key decision.

Disclaimer: The above article is a summary and interpretation of official company announcements intended for informational purposes only. It does not constitute investment advice. Investors should conduct their own due diligence or consult a financial adviser before making any investment decisions.

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