Sitoy Group shareholders approve resolutions, appoint new director

Sitoy Group Holdings Limited announced the successful passing of all proposed resolutions at its Annual General Meeting held on November 17, 2025. Key approvals included the adoption of financial statements for the year ended June 30, 2025, and the declaration of a special dividend of HK4 cents per share. Shareholders also re-elected three executive directors and re-appointed Ernst & Young as auditors.

Significant mandates were granted to the directors, including an unconditional mandate to repurchase up to 10% of issued shares and another to allot, issue, or deal with additional shares not exceeding 20% of the total issued shares. The repurchase mandate passed with 100% of votes for, and the allotment mandate with 98.4044% of votes for.

The company also announced the retirement of Mr. Kwan Po Chuen, Vincent, as an independent non-executive director, and the appointment of Ms. So Sze Wan, Lisa, to fill the vacancy. Ms. So will also join the audit, nomination, and environmental, social, and governance committees, with an initial term of 3 years and an annual director's fee of HK$220,000.