HKE Holdings seeks shareholder approval for mandates, director re-election

HKE Holdings Limited announced its Annual General Meeting (AGM) to be held on 27 November 2025, where shareholders will consider proposals for general mandates to issue and repurchase shares, an extension of the issue mandate, and the re-election of retiring directors. The company seeks approval for an issue mandate allowing directors to allot up to 215,549,334 shares, representing 20% of the current issued share capital of 1,077,746,668 shares as of the latest practicable date.

Additionally, a repurchase mandate is proposed, authorizing the repurchase of up to 107,774,666 shares, or 10% of the issued share capital. This mandate would enhance net assets and earnings per share, with repurchases made using legally available funds. The directors confirm no present intention to repurchase shares to an extent that would materially impact working capital or gearing.

Four directors, Mr. Koh Lee Huat, professor Pong Kam Keung, Mr. Cheung Kwok Yan Wilfred, and Ms. Lam Lam Nixie, will retire by rotation and offer themselves for re-election. The nomination committee has evaluated their performance as satisfactory, recommending their re-election. Share transfers will be closed from 24 November to 27 November 2025 to determine eligibility for attending and voting at the AGM.