Jia Yao Holdings seeks mandates for share issuance and buyback

Jia Yao Holdings is convening its AGM to seek shareholder approval for several key resolutions. These include the renewal of general mandates allowing the company to issue new shares up to 20% of the existing issued share capital, and to buy back shares up to 10% of the existing issued share capital. If approved, the mandate would authorize the company to issue up to 120,000,000 shares, based on the 600,000,000 shares currently in issue. Shareholders will also vote on the re-election of Director Mr. Gong Jinjun and the appointment of Mr. Li Lin as an executive director. Director fees are set at HKD120,000 per annum with a salary for Mr. Li Lin of RMB200,000 per annum. The company’s register of members will be closed from June 17 to June 20, 2025 to determine AGM voting entitlements.