CMOC Group Co., Ltd. (stock code: 03993) will hold its 2023 Annual General Meeting (AGM) at Luoyang Molybdenum International Hotel, 239 Kiyuan Avenue, Luoyang City, Henan Province, China, at 1:00pm. The meeting will discuss corporate matters including leveraging surplus funds for structured deposits and investments in financial products, H dividends not received since 2016, issuance of debt financing instruments, interim and quarterly dividend distributions and the issuance of A shares and H shares. Shareholders will vote on the final dividend proposed by the Board of Directors, which proposes the distribution of a final dividend of RMB1.5425 per 10 shares for the year ended 31 December 2023. In addition, the meeting will authorize the Board of Directors to decide on the issuance of debt financing instruments and the distribution of...Show More

CMOC Group Co., Ltd. (stock code: 03993) will hold its 2023 Annual General Meeting (AGM) at Luoyang Molybdenum International Hotel, 239 Kiyuan Avenue, Luoyang City, Henan Province, China, at 1:00pm. The meeting will discuss corporate matters including leveraging surplus funds for structured deposits and investments in financial products, H dividends not received since 2016, issuance of debt financing instruments, interim and quarterly dividend distributions and the issuance of A shares and H shares. Shareholders will vote on the final dividend proposed by the Board of Directors, which proposes the distribution of a final dividend of RMB1.5425 per 10 shares for the year ended 31 December 2023. In addition, the meeting will authorize the Board of Directors to decide on the issuance of debt financing instruments and the distribution of interim and quarterly dividends for 2024. The Board of Directors also issued a special mandate allowing it to issue new A shares and H shares, the amount of which does not exceed 20% of the shares issued on the date of the resolution. The Notice of the General Meeting also includes a report from the independent director, a detailed description of the general authorization to repurchase H shares, and the Company's plan to use internal resources, including surplus reserves and retained earnings, to fund the repurchase of any H shares, which will be cancelled and registered capital reduced accordingly.