Bilibili proposes director re-election, share mandates, AGM notice

Bilibili Inc. (HKEX: 9626) has released details of resolutions to be considered at its upcoming Annual General Meeting. Shareholders will vote on the re-election of directors Ni Li, Yi Xu, and Feng Li, who will retire by rotation. A key proposal is the granting of Share Repurchase and Share Issue Mandates, allowing the company to repurchase up to 10% and issue up to 20% respectively of its outstanding Class Z Ordinary Shares. PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP are proposed for re-appointment as auditors. As of the latest practical date, Bilibili had 417,986,501 issued shares. The AGM is scheduled for June 20, 2025, with Share and ADS record dates set for May 13, 2025. The company has already repurchased 839,167 ADSs at prices ranging from USD19.01 to USD19.99 between December 5 and December 18, 2024. The market prices of Class Z Ordinary Shares traded on the Stock Exchange ranged from HKD84.15 to HKD238.80 during the previous 12 months and until the latest practicable date.