Summary by Futu AI
On June 28, 2024, Genting Xinyao Limited successfully held its annual shareholders' meeting at which all proposals were overwhelmingly approved by shareholders. Important resolutions passed at the meeting include the adoption of audited comprehensive financial statements and related reports for the fiscal year ending December 31, 2023, the re-election of multiple directors, and the re-appointment of PricewaterhouseCoopers as the company's auditor. In addition, the board of directors was authorized to repurchase up to 10% of the total issued shares of the company and to issue, distribute, and dispose of additional shares not exceeding 20% of the total issued shares. Shareholders also approved revisions to the company's articles of association and bylaws. On the same day as the shareholders' meeting, the resolution on the share incentive plan was also approved, confirming the award of shares to several executives. Vote counting at the meeting was conducted by Hong Kong Securities Registrations Limited to ensure the fairness of the voting process.
