E-Star Commercial Management Proposes HK$0.085 Final Dividend, Renews 20% Issue and 10% Buy-back Mandates

Bulletin Express
Apr 22

E-Star Commercial Management Company Limited will convene its Annual General Meeting (AGM) on 5 June 2026 in Shenzhen. Key resolutions include the declaration of a final dividend, renewal of general mandates, and the re-election of directors.

Dividend Proposal • A final dividend of HK$0.085 per share is recommended for the financial year ended 31 December 2025. • Based on 1.01 billion issued shares, the payout amounts to approximately HK$86.23 million, of which HK$0.17 million relates to 2.03 million shares held under the company’s RSU scheme. • The dividend will be funded from the share premium account, reducing the balance from RMB288.76 million to about RMB212.77 million. • Payment is scheduled on or before 10 July 2026, subject to shareholder approval and a directors’ solvency confirmation. The register will close from 12 June to 16 June 2026, with 16 June as the record date.

Mandate Renewals • Share Issue Mandate: authority to allot and issue up to 20% of issued shares, equal to 202.90 million shares. • Share Buy-back Mandate: authority to repurchase up to 10% of issued shares, or 101.45 million shares. • Extension Mandate: the issue mandate may be increased by the number of shares actually repurchased. • If fully exercised, controlling shareholder Huang Chu-Long’s stake would rise from 74.07% to 82.30%, remaining above the 25% public-float threshold.

Board and Auditor Matters • Re-election of Executive Director Chen Qunsheng, Non-executive Director Ou Qunping and Independent Non-executive Director Guo Zengli. • Deloitte Touche Tohmatsu is nominated for re-appointment as external auditor. • Directors’ remuneration will be fixed by the board, subject to shareholder endorsement.

Meeting Logistics • Shareholders registered by 1 June 2026 may attend and vote at the AGM; the register closes from 2 June to 5 June 2026. • Proxy forms must be lodged with Tricor Investor Services at least 48 hours before the meeting.

The board believes the proposed dividend, mandate renewals and director re-elections are in the best interests of shareholders and recommends their approval at the AGM.

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