Summary by Futu AI
Sinotrans Limited held its annual general meeting of shareholders on June 7, 2024, and obtained shareholder approval to repurchase up to 10% of its total issued H shares under a general mandate. The mandate will be effective from the date of the shareholders' meeting until the end of the next annual general meeting of shareholders, expiration of 12 months, or revocation or amendment of the repurchase authorization by a special resolution. The Board of Directors will decide whether to exercise the buyback right based on market conditions. If exercised, the repurchased H shares will be cancelled and the registered capital will be correspondingly reduced in accordance with the law. In addition, bondholders can declare their claims within a specific period of time after the announcement is released, request payment or provide collateral. Bondholders who fail to declare within the specified period of time shall be deemed to have waived their right to declaration, but it shall not affect the effectiveness of their claims. Claim declarations can be made by mail or fax.