East Buy Holding seeks shareholder approval for key resolutions, share mandates

East Buy Holding Limited has scheduled its annual general meeting for Monday, November 3, 2025, in Beijing, China. Key resolutions include the re-election of Mr. Yu Minhong, Mr. Kwong Wai Sun Wilson, and Mr. Yan Andrew Y as directors, and the re-appointment of Deloitte Touche Tohmatsu as the company's external auditor.

The company will also seek approval for general mandates to issue and repurchase shares. The proposed share issue mandate would allow directors to allot up to 20% of the company's issued shares, or a maximum of 210,752,707 shares, based on the issued share capital as of September 8, 2025.

Additionally, a repurchase mandate will be proposed, authorizing the repurchase of up to 10% of the company's issued shares, or 105,376,353 shares, as of the resolution's passing date. The board believes these repurchases would enhance net asset value and earnings per share. New Oriental, the controlling shareholder, currently holds 55.95% of the shares, which would increase to approximately 62.17% if the repurchase mandate is fully exercised, without triggering a mandatory offer under the takeovers code.