Summary by Futu AI
CHUNG WEI GROUP LIMITED WILL HOLD ITS ANNUAL GENERAL MEETING ON 24 MAY 2024 TO DISCUSS PROPOSALS INCLUDING GENERAL MANDATES TO ISSUE SHARES AND REPURCHASE SHARES, RE-ELECTION OF RETIRING DIRECTORS. THE BOARD OF DIRECTORS PROPOSES TO GRANT GENERAL MANDATES TO ISSUE SHARES UP TO 20% OF THE TOTAL NUMBER OF SHARES ISSUED AND TO REPURCHASE SHARES NOT EXCEEDING 10% OF THE TOTAL NUMBER OF SHARES ISSUED. In addition, Lin Jin, Shi Chen and Li Weibin three directors will be re-elected. If shareholders are unable to attend the General Meeting, they may appoint representatives to attend and vote. The Board also proposes to pay a final dividend for the year ended 31 December 2023. Share transfer registration will be suspended from 21 to 24 May 2024 to determine the list of shareholders entitled to attend the General Meeting.