Sunac China shareholders back MCB issue, employee stock plan

Sunac China Holdings Limited held its extraordinary general meeting (EGM) on September 9, 2025, where shareholders approved all three proposed resolutions. The resolutions passed with significant majorities: approximately 96.86%, 96.04%, and 99.99% of votes cast in favor, respectively. These approvals include the MCB Issue, the employee stock ownership plan, and an increase in the authorized share capital.

Resolution 1, concerning the MCB Issue, garnered 852,089,943 votes for (96.86%) against 27,639,899 votes (3.14%), totaling 879,729,842 votes cast. Resolution 2, on the employee stock ownership plan, passed with 3,470,105,829 votes for (96.04%) and 143,092,000 votes against (3.96%). The final resolution to increase authorized share capital from HK$1.5bn to HK$3bn received 3,654,756,750 votes for (99.99%) against 240,579 votes (0.01%).

Certain shareholders, including Sunac International and Mr. Sun Hongbin, abstained from voting on Resolution No. 1 due to their interest in the Connected MCB Issue. These parties collectively held 2,742,017,987 shares, representing approximately 23.91% of the total issued shares. Independent shareholders, holding 8,727,825,556 shares (76.09%), were entitled to vote on this resolution.