China Starch Holdings appoints IFA, delays circular for thermal plant contract

China Starch Holdings Limited has announced the appointment of Central China International Capital Limited as its independent financial adviser. This appointment is to advise the independent board committee and independent shareholders on the thermal plant construction contract and its associated transactions, as per Rule 14A.44 of the listing rules. The independent board committee has approved this appointment.

Initially, a circular containing details of the thermal plant construction contract, recommendations from the independent board committee, the independent financial adviser's letter of advice, and the notice of the EGM and proxy form was scheduled for despatch on or before 10 December 2025.

However, the company now anticipates a delay in the circular's despatch. Additional time is required to finalise certain information for the circular, which is now expected to be sent to shareholders on or before 5 January 2026. The announcement references a prior disclosure from 19 November 2025 regarding the thermal plant construction contract.