Summary by Futu AI
TIEJIANG SPOT CO., LTD. (THE “COMPANY”) WILL HOLD ITS ANNUAL GENERAL MEETING ON 26 JUNE 2024 AT THE KUNTAI CONVENTION AND EXHIBITION BUSINESS CENTRE, HONG KONG. THE MEETING WILL DISCUSS AND DECIDE ON GENERAL MANDATES TO ISSUE AND REPURCHASE SHARES AND UPDATE SHARE REPURCHASE AND SHARE ISSUE AUTHORIZATIONS. The Company adopted an ordinary resolution at its Annual General Meeting on 29 June 2023 granting the Board of Directors the power to repurchase up to 10% of the issued shares and to issue an additional maximum of 20%. The Notice of the Annual General Meeting and related information has been provided in the Circular and it is proposed that the shareholders approve the relevant authorization. If shareholders are unable to attend the General Meeting, they should complete and return the Proxy Form. The Board considers that the granting of share repurchase authorization and share issuance authorization will be in the best interests of the Company and its shareholders.