China Modern Dairy approves resolutions, dividend at annual meeting

China Modern Dairy Holdings Ltd. (HKEX: 1117) announced the results of its annual general meeting held on June 12, 2025, where all proposed resolutions were duly passed. Key outcomes include the approval of the company's audited consolidated financial statements for the year ended December 31, 2024, the re-election of directors, and the authorization for the board to fix directors' fees. A final dividend of RMB0.0122 per share was also approved for the year ended December 31, 2024, payable around June 27, 2025, to shareholders registered by June 20, 2025. The dividend translates to HKD0.0133 per share. Shareholders also authorized general mandates to issue new shares (up to 20% of issued capital) and repurchase shares (up to 10% of issued capital). Furthermore, a 12-month extension for an existing option agreement was approved.