Envision Greenwise seeks shareholder approval for share subdivision, mandates, re-elections

Envision Greenwise Holdings Limited has announced an Annual General Meeting (AGM) on September 19, 2025, to seek shareholder approval for several key proposals, including a share subdivision. The company proposes to subdivide each existing issued and unissued ordinary share of par value HK$0.01 into two subdivided shares of par value HK$0.005 each. This move aims to enhance trading liquidity, reduce investment barriers, and attract more investors, with the theoretical adjusted price per subdivided share estimated at HK$4.305, based on a closing price of HK$8.610 as of August 27, 2025.

Additionally, the board is seeking renewals of general mandates to issue and repurchase shares. The proposed issue mandate, if approved, would allow the directors to issue up to 275,859,391 shares, representing 20% of the currently issued share capital. The proposed repurchase mandate would grant authority to repurchase up to 137,929,695 shares, or 10% of the issued share capital, as of the latest practicable date.

Shareholders will also vote on the re-election of Mr. Zhan Zhi Hao as an executive director and Mr. Hau Wing Shing Vincent and Mr. Lam John Cheung-wah as independent non-executive directors. The share subdivision, if approved, will become effective on the second business day after conditions are met, with dealings in subdivided shares commencing on September 23, 2025.