China Ever Grand Financial Leasing Group Co., Ltd. Announces Results of Extraordinary General Meeting

Shareholders Unanimously Approve Major Disposal, Potentially Impacting Future Strategy and Share Price

China Ever Grand Financial Leasing Group Co., Ltd. (Stock Code: 379) has announced the results of its Extraordinary General Meeting (EGM) held on 29 April 2026. The meeting was convened to vote on a significant transaction involving the disposal of the entire issued share capital of China Ever Grand Capital Group Limited—a move that could have a substantial impact on the company’s future operations and financial position.

Key Points from the Report

• Disposal Agreement Approval: The EGM held on 29 April 2026 saw shareholders approve, by way of poll, the conditional agreement dated 3 February 2026 between Harvest Castle Holdings Limited (an indirect wholly-owned subsidiary of the Company) as vendor, Sheen Nation Holdings Limited as purchaser, and Mr. Qiao Weibing as guarantor. This agreement concerns the proposed disposal of the entire issued share capital of China Ever Grand Capital Group Limited.
• Unanimous Shareholder Support: The resolution was passed with 100% support—1,056,704,988 votes in favour and none against. This demonstrates resounding shareholder backing for the disposal [[2]].
• Scope of Authority: The resolution also empowers any director of the company to take all necessary actions, sign documents, and affix the company seal as required to complete the disposal and related transactions. This provides management with broad discretion to implement the deal efficiently.
• No Abstentions or Negative Votes: There were no shares requiring abstention, and no shareholders indicated an intention to oppose or abstain from the vote. All 1,687,302,760 shares in issue were eligible to vote, providing full transparency and legitimacy to the process [[3]].
• Attendance: All directors except Mr. Tao Ke (due to other business commitments) attended the EGM in person or via electronic means, indicating strong board oversight and involvement.

Important Considerations for Shareholders

• Strategic Impact: The disposal of China Ever Grand Capital Group Limited represents a major strategic shift and rationalisation of the company’s assets. The disposal could refocus resources, streamline operations, or provide liquidity for new opportunities.
• Potential Price Sensitivity: Such a significant transaction may affect the company’s valuation and share price, depending on how the market perceives the value and strategic rationale of the disposal. Investors should closely monitor subsequent announcements regarding the use of proceeds, strategic direction, or any material changes in business focus.
• Regulatory Compliance: The company has followed all required processes under the Hong Kong Listing Rules, with no related party abstentions and full shareholder participation. This transparency may enhance investor confidence.

Detailed Resolution Passed

The resolution approved at the EGM consisted of two parts:

1. Approval and confirmation of the conditional Disposal Agreement for the sale of the entire issued share capital of China Ever Grand Capital Group Limited and all transactions contemplated therein.
2. Authorisation for any director to sign, execute, and deliver all necessary documents and take any actions deemed necessary, desirable, or expedient to give effect to the disposal and related matters, including affixing the company seal.

The resolution was approved with 100% of votes cast in favour, representing a total of 1,056,704,988 votes.

Board Composition (as at Announcement Date)

• Executive Directors: Mr. Wong Lik Ping (Chairman), Mr. Siu Wai Bun, Mr. Tao Ke, Mr. Ng Tin Shui
• Non-Executive Director: Mr. Leung Yiu Ming David
• Independent Non-Executive Directors: Mr. Ng Kwok Sang, Mr. Wu Kai Tang, Ms. Lam Hoi Yan Karen

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own research or consult a professional advisor before making investment decisions.

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