APAC Resources proposes director re-election, share mandates at upcoming AGM

APAC Resources Limited announced an annual general meeting (AGM) on Friday, November 21, 2025, to propose the re-election of directors and the granting of general mandates for issuing and repurchasing securities. Lee Seng Hui and Lam Lin Chu are set to retire by rotation and will offer themselves for re-election, while Wong Wing Kuen, Albert will not. The proposals also include mandates allowing directors to issue up to 20% of existing shares and repurchase up to 10% of shares and warrants.

The 2024/25 annual report further details that the company recorded a net profit of HK$243,862,000 for the year ended June 30, 2025, primarily driven by its resource investment segment. The board has recommended a final dividend of HK11 cents per ordinary share. The report also highlights a bonus issue of warrants on December 16, 2024, enabling holders to subscribe for new shares until December 15, 2027.

The environmental, social and governance report for 2024/25 outlines the company's commitment to sustainability, including efforts to minimize emissions, promote efficient resource use, and maintain ethical business practices. These initiatives demonstrate APAC Resources' dedication to long-term value creation and responsible corporate citizenship.