Chow Tai Fook Jewellery to seek approval for share issuance

Chow Tai Fook Jewellery Group Limited (HKEX: 1929) announced it will hold its Annual General Meeting on July 23, 2025, to seek shareholder approval for key resolutions, including the re-election of directors and general mandates to issue and buy back shares. Shareholders will vote on re-electing executive directors Mr. Wong Siu-Kee, Mr. Cheng Kam-Biu, and Mr. Suen Chi-Keung, as well as independent non-executive directors Mr. Lam Kin-Fung and Ms. Cheng Ka-Lai. The company proposes a general mandate allowing directors to issue new shares representing up to 10% of the company's issued share capital (excluding treasury shares). Additionally, the AGM will address a proposal for a buy-back mandate, authorizing the repurchase of up to 10% of the issued shares (excluding any treasury shares). The board will also seek approval to re-appoint PricewaterhouseCoopers as auditor and fix its remuneration. As of the latest practicable date, the company's authorized share capital was 50,000,000,000 shares with 9,864,944,600 shares issued (excluding treasury shares).