Kingworld Medicines Group Limited (KINGWORLD) has issued a circular convening its 2025 annual general meeting (AGM) for 29 May 2026 in Hong Kong. Shareholders of record as at 22 May 2026 may attend and vote; the register will be closed from 26–29 May 2026.
Key resolutions to be tabled:
1. Board composition • Re-election of Executive Director and Co-founder Mr Zhao Li Sheng, who currently holds 24.89 million shares personally and is deemed interested in a further 388.40 million shares through connected entities and spouse holdings, representing 66.39 % of issued capital. • Re-election of Independent Non-executive Director Mr Duan Jidong, who has served since 2010 and holds 0.29 million shares (0.05 %). The nomination committee affirmed his independence despite tenure exceeding nine years.
2. Auditor • Re-appointment of Crowe (HK) CPA Limited as external auditor until the next AGM.
3. Capital mandates • Issue Mandate: authorisation for the Board to allot, issue or deal with up to 20 % of the Company’s share capital, equivalent to 124.50 million shares, based on the 622.50 million shares in issue as at 16 April 2026. • Repurchase Mandate: authorisation to buy back up to 10 % of issued shares, or 62.25 million shares. The repurchase ceiling may be funded from distributable profits, share premium or other permissible reserves. • Extension Mandate: the number of shares repurchased may be added to the Issue Mandate, potentially increasing the total shares issuable.
If the Repurchase Mandate is exercised in full with no other capital changes, the combined stake of the controlling shareholders—Mr Zhao, Ms Chan Lok San and their wholly owned BVI vehicles Golden Land and Golden Morning—would rise to 73.77 %, still leaving more than the minimum 25 % public float required by the Hong Kong Stock Exchange.
4. Final dividend • The Board will also seek approval to declare a final dividend; details have not yet been disclosed.
Proxy forms must be lodged with Tricor Investor Services by 11:00 a.m. on 27 May 2026. The Board recommends shareholders vote in favour of all proposed resolutions at the forthcoming AGM.