Summary by Futu AI
New World Development Company Limited will hold its shareholders' annual meeting on November 7, 2024, at 53/F and 4/F, New World Centre, 30 Harbour Road, Hong Kong. The meeting will discuss issues including share repurchase authorization, issuance authorization, and re-election of directors. The share repurchase authorization will allow the company to repurchase up to 10% of the total number of issued shares, while the issuance authorization will permit the company to issue new shares within a specified period. In addition, Directors Joseph Yeh, Wang Yugin, Kwan Cheukyin, Kwok Kei-wah, Tung Tsz-ho, Lau Tak-yeung, and Fung Sau-im will retire and seek re-election at the meeting. Shareholders who are unable to attend in person must submit a proxy appointment form by November 5, 2024. The resolutions of this meeting will have a significant impact on the company's share structure and future development direction.