Momentum Financial Holdings Limited has issued its circular for the 30 June 2026 Annual General Meeting (AGM), outlining several key resolutions for shareholder approval.
Key AGM Proposals and Metrics
• General Issuance Mandate – Board requests authority to allot, issue or transfer treasury shares up to 20% of issued share capital (maximum 685.76 million new shares, based on the 3.43 billion shares outstanding as of 3 June 2026). – A further extension would allow the mandate to increase by the number of shares repurchased under the buy-back mandate.
• Share Repurchase Mandate – Board seeks approval to repurchase up to 10% of the share base, equal to 342.88 million shares. – Repurchased shares may be cancelled or held as treasury shares subject to capital-management considerations. – The company confirms no share repurchases occurred in the six months to 3 June 2026.
• Director Re-elections – Executive Directors: Mr Cao Wenbo (also CEO and AGM board representative) and Mr Li Zilun (Chief Investment Officer). – Independent Non-executive Directors: Mr Chen Yifan and Mr Ye Fei. – Both executive directors receive HKD 50,000 monthly; INEDs are entitled to HKD 120,000 annually.
• Auditor Re-appointment – McMillan Woods (Hong Kong) CPA Limited proposed to continue as external auditor for FY 2026 with an estimated audit fee of HKD 0.80 million.
AGM Details
• Date & Time: 30 June 2026, 2:00 p.m. • Venue: Units 5906–5912, 59/F, The Center, 99 Queen’s Road Central, Hong Kong. • Shareholders’ register closes 25–30 June 2026; record date is 30 June 2026. • All resolutions will be voted on by poll.
Capital Structure Snapshot (as at 3 June 2026)
• Issued shares: 3,428.78 million • Controlling shareholders: – Forever Brilliance International Group: 602.31 million shares (17.57%); – Triumph Hope Limited: 501.33 million shares (14.62%); – Executive Director Li Zilun: 361.76 million shares (10.55%).
The Board recommends shareholders approve all resolutions, citing enhanced capital flexibility and continuity in governance and audit oversight.