Seyond Holdings Ltd. Transitions to Electronic Dissemination of Corporate Communications

Key Highlights and Implications for Shareholders

Seyond Holdings Ltd. (Stock Code: 2665, Warrant Code: 2673), a Cayman Islands-incorporated entity, has implemented a significant change in its approach to disseminating corporate communications. Effective from 31 December 2023, and in compliance with Rule 2.07A of the Listing Rules of the Hong Kong Stock Exchange, all corporate communications will be distributed electronically. This move is in line with the stock exchange’s efforts to modernize and digitize investor engagement and sustainability practices.

Key Points for Investors

• No Printed Copies by Default: Shareholders will not receive printed copies of corporate communications unless a specific request is made. All communications, including both English and Chinese versions, will be available on the company’s official website (www.seyond.com) and the Hong Kong Stock Exchange news site (www.hkexnews.hk).
• How Non-Registered Holders Can Access Information: If your shares are held through a bank, broker, custodian, nominee, or through HKSCC Nominees Limited, you must provide your email address to your intermediary. The company will not send direct publication notices to non-registered holders, so proactive monitoring of the above websites is essential.
• Option to Request Printed Copies: Shareholders who prefer printed materials can submit a request form to the Hong Kong Share Registrar, Tricor Investor Services Limited, or email [email protected]. This request remains valid until revoked, superseded, or until the last day of the following financial year (whichever comes first). Continued receipt of printed copies requires a new written request each year.
• Types of Corporate Communications: The documents covered include annual reports, directors’ reports, auditors’ reports, interim reports, meeting notices, listing documents, circulars, and proxy forms. These are critical for investors as they contain key financial and operational updates.

Potential Price-Sensitive Considerations

• The shift to electronic communication could streamline investor relations and reduce costs, potentially improving operational efficiency. This may have a positive long-term impact on profitability.
• However, investors who miss important corporate communications due to the new approach may be disadvantaged, potentially affecting their ability to respond to market-moving news in a timely fashion.
• The policy aligns with the Hong Kong Stock Exchange’s broader push towards digital transformation, which could be seen as a progressive step and may attract ESG-focused investors.

Action Items for Shareholders

• Monitor the Company and HKEX Websites: Investors are strongly encouraged to check these websites regularly for timely access to all future corporate communications.
• For Notification Alerts: Non-registered holders can subscribe to the Stock Exchange’s News Alert service for real-time notifications when new documents are published.
• For Printed Copies: Complete and return the printed copy request form or email the share registrar as outlined above.
• Inquiries: Shareholders can contact Tricor Investor Services Limited’s hotline at (852) 2980 1333 during business hours or email for assistance.

Personal Information Handling

Any personal data provided for the purpose of receiving corporate communications will be handled in accordance with the Personal Data (Privacy) Ordinance (Cap. 486), and shareholders have the right to access and correct their data as necessary by contacting the Data Privacy Officer at Tricor Investor Services Limited.

Conclusion

The transition to electronic-only dissemination of corporate communications by Seyond Holdings Ltd. is a significant operational update. While it may improve efficiency and align with sustainability goals, shareholders must adapt to ensure they continue to receive important company updates. This transition, if not managed properly by investors, could lead to missed information and potentially impact trading decisions and share value.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their own advisors before making any investment decisions related to Seyond Holdings Ltd. or any other security.

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