Ping An Healthcare proposes director re-election, share mandates, auditor change

Ping An Healthcare and Technology Company Limited (HKEX:1833) has announced proposals for the re-election of retiring directors, general mandates to issue and buy back shares, and a change of auditor, all to be considered at the Annual General Meeting on June 26, 2025, in Shanghai. Executive Director Jun Wu, Non-executive Director Ziyang Zhu, and Independent Non-executive Director Tianyong Guo are standing for re-election. Shareholders will also vote on granting the directors a general mandate to issue shares representing up to 20% of the company's issued share capital and a buy-back mandate for up to 10% of the issued shares. Additionally, the company proposes that Ernst & Young (“EY") be appointed as the new auditor, replacing PricewaterhouseCoopers (“PwC"), who will retire after more than seven years. The re-election and mandate proposals are supported by the Board, who recommend shareholders vote in favor. As of the latest practicable date, the directors do not intend to change directors, senior management, substantial Shareholders or controlling Shareholders of the Company. Also the directors do not intend to sell any Shares to the Company or its subsidiaries. Existing director remuneration includes HKD 450,000 per annum for Mr. Tianyong Guo.