China South City seeks share issuance and buy-back mandates

China South City Holdings (HKEX:1668) announced it will seek shareholder approval for general mandates to issue new shares and buy back existing shares at its Annual General Meeting on June 27, 2025. The proposed share issuance mandate would allow the company to issue up to 20% of its issued share capital, or approximately 2,288,378,569 shares based on the shares outstanding as of May 22, 2025. A separate buy-back mandate would authorize the company to repurchase up to 10% of its issued share capital. Shareholders will also vote on the re-election of Mr. Cheng Chung Hing, Mr. Wan Hongtao, and Ms. Zee Helen as directors, and the election of Ms. Xu Hongxia and Mr. Liu Heng as directors. The AGM notice details resolutions relating to these mandates and director appointments.