Tong Ren Tang Technologies proposes new director, share issuance mandate

Tong Ren Tang Technologies has announced key proposals for its upcoming AGM, including the appointment of Mr. Chen Fei as a non-executive director, following the resignation of Ms. Wang Chun Rui. Subject to shareholder approval, Mr. Chen's remuneration is set at RMB770,000 per annum. The company is also seeking a general mandate to issue additional shares, up to 20% of the total number of shares in issue (excluding treasury shares), granting the board flexibility in managing the company's capital structure. Shareholders will also vote on the re-appointment of Ernst & Young as the overseas auditor and Ernst & Young Hua Ming LLP as the domestic auditor. Additionally, a final dividend of RMB0.18 per share for the year ended December 31, 2024, will be considered. The AGM will be held on June 12, 2025, in Beijing. The register of members will be closed from June 6 to June 12, 2025, to determine eligibility for attending the meeting, and transfer documents must be lodged by June 5, 2025.