CAA Resources seeks shareholder approval for mandates, director re-election

Grace Life-tech Holdings Limited (HKEX:2112), formerly CAA Resources, is holding its annual general meeting (AGM) on May 27, 2025, in Hong Kong, seeking shareholder approval for key resolutions to provide financial flexibility and ensure board continuity. The company is seeking general mandates to issue new shares up to 20% of the existing share capital and to repurchase shares up to 10% of the existing share capital, excluding any Treasury Shares, which, if authorized, would enhance the net asset value of the Company and/or its earnings per Share. The resolutions include extending the issue mandate by adding the aggregate nominal amount of shares repurchased. The board has stated it has no immediate plans to issue or repurchase shares. Shareholders will also vote on the re-election of executive directors Mr. Ng Khing Yeu, Ms. Li Xiaolan, and Mr. Wang Er. Prism Hong Kong Limited is proposed for re-appointment as auditors. The register of members will be closed from May 22 to May 27, 2025 to determine meeting entitlements.