FIT Hon Teng seeks mandates for share issuance and buyback

FIT Hon Teng Limited has announced proposals for its annual general meeting, including seeking shareholder approval for a general mandate to issue new shares and/or resell treasury shares up to 20% of the company's issued share capital. Another key resolution seeks a repurchase mandate, allowing the company to buy back up to 10% of its issued shares. Shareholders will also vote on the re-election of directors LU Pochin Christopher, PIPKIN Chester John, CHANG Chuan-Wang and CURWEN Peter D. Additionally, approval is being sought for amendments to the company's Operational Procedures for Lending Funds, and the authorization for extending the General Mandate provided resolutions 4(A) and 4(B) are passed. The annual general meeting is scheduled for June 20, 2025, in Taiwan.