Xin Point Holdings seeks mandates for share issuance and repurchase

Xin Point Holdings Limited has announced plans to seek shareholder approval for general mandates allowing the company to issue new shares and repurchase existing ones. The proposed issuance mandate would allow Xin Point to issue new shares not exceeding 20% of the total issued shares. The repurchase mandate would permit the company to buy back up to 10% of the issued shares. Shareholders will also vote on an extension mandate to increase the issuance by the amount of shares repurchased. In addition, the company proposes the re-election of executive directors Mr. Liu Jun, Mr. He Xiaolu, and Mr. Jiang Wei. A final dividend of HKD0.3 per share is also up for approval, payable around July 21, 2025, to shareholders registered on July 4, 2025. The annual general meeting will take place on June 18, 2025, at the company's headquarters in Huizhou, Guangdong, PRC.