Wasion Holdings to renew mandates, re-elect directors

** Wasion Holdings (HKEX: 3393) has scheduled its Annual General Meeting for May 15, 2025, seeking shareholder approval for the renewal of general mandates to repurchase shares and issue new shares. The proposal includes granting directors the authority to repurchase up to 10% of issued shares and to issue shares representing up to 20% of the company's share capital. Additionally, shareholders will vote on re-electing executive directors Ji Wei and Zheng Xiao Ping. Director Luan Wenpeng will retire at the conclusion of the upcoming meeting and Jiang Xinjian is nominated as an independent non-executive director, pending approval. The board recommends shareholders vote in favor of the relevant resolutions. The company also announced the recent commencement of operations at Indonesian and Malaysian manufacturing facilities that will further its market expansion.