Vobile Group seeks shareholder approval for director re-election, mandates

Vobile Group (HKEX:3738) is convening its annual general meeting (AGM) on June 27, 2025, to seek shareholder approval for several key resolutions. These include the re-election of Mr. WONG Wai Kwan as an executive Director, and Mr. TANG Yi Hoi Hermes and Ms. CHAN, Laverna Jun Lin as non-executive Directors. The company is also seeking mandates to repurchase up to 10% of its shares and issue up to 20% of its shares. If approved, the repurchase mandate would allow Directors to buy back up to 231,499,865 shares, while the share issuance mandate would permit the issuance of up to 457,399,731 shares, both excluding treasury shares based on the current number of shares. The board recommends shareholders vote in favor of these resolutions. The notice also included the compensation for three directors including the pay of Mr. Wong at HKD 1,476,000. The record date for determining shareholder eligibility to vote at the AGM is June 23, 2025.