Summary by Futu AI
On June 5, 2024, the shareholders' annual meeting of KwG Group was held, during which multiple resolutions were passed, including the review of the merged financial statements, re-election of directors, and determination of director remuneration. Mr. Kong Jianmin was re-elected as an executive director, and Mr. Tam Chun Fai and Ms. Wong Man Ming were re-elected as independent non-executive directors. In addition, the meeting also passed resolutions authorizing the board of directors to issue new shares, repurchase shares, and revise the company's articles of association and detailed rules. All resolutions received support from more than 50% of the shareholders' votes, and the special resolution received over 75% of the votes in favor. The shareholder attendance rate was high, and no shareholder declared opposition or abstained from voting on any resolutions prior to the meeting. The meeting results showed that KwG Group has broad support from its shareholders, laying a solid foundation for the company's future development.