ZO Future Group seeks shareholder nod on share mandates, director re-election

ZO Future Group (Stock Code: 2309) will hold its annual general meeting (AGM) on Tuesday, December 30, 2025, at 4:00 p.m. to propose resolutions for general mandates to issue and repurchase shares, as well as the re-election of directors. The proposed issue mandate would allow directors to allot, issue, and deal with up to 20% of the total number of shares in issue, while the repurchase mandate seeks approval to repurchase up to 10% of the company's issued shares. As of November 21, 2025, the company had 922,783,892 shares in issue.

The company's board currently comprises seven directors, including executive directors Mr. Zhao Wenqing (chairman), Mr. Huang Dongfeng (chief executive officer), Mr. Yiu Chun Kong, and Dr. Guo Honglin, along with independent non-executive directors Mr. Pun Chi Ping, Ms. Leung Pik Har, Christine, and Mr. Yeung Chi Tat. Mr. Zhao Wenqing, Mr. Huang Dongfeng, and Mr. Yeung Chi Tat are scheduled to retire by rotation and will offer themselves for re-election at the AGM.

The directors believe these resolutions are in the best interests of the company and its shareholders. The highest and lowest share prices in November 2025 (up to the latest practicable date) were HK$2.140 and HK$1.740, respectively. No share repurchases were made in the six months prior to the latest practicable date.