Karrie International shareholders approve bond issue, subscription agreement

Karrie International Holdings Limited announced that its ordinary resolution was duly passed by independent shareholders at a special general meeting held on 2 December 2025. The resolution approved the subscription agreement and related transactions, including the issue of a convertible bond and the allotment and issue of conversion shares. Out of the votes cast, 168,122,800 (94.36%) were in favor, while 10,056,000 (5.64%) were against.

As of the SGM date, the total number of shares in issue was 2,021,463,200 (excluding 346,000 treasury shares). Shareholders, including Mr. Ho Cheuk Fai and his associates, who collectively held 1,469,968,000 shares (approximately 72.72% of the issued share capital), were required to abstain and did abstain from voting on the resolution.

This abstention meant that 551,465,200 shares were eligible to vote on the resolutions at the SGM. Computershare Hong Kong Investor Services Limited served as the scrutineer for the vote-taking process.