Shareholders' general meetings

For shareholders of WISE Construction Group Holdings Ltd, attending or participating in General Meetings (AGM/EGM) is crucial for exercising voting rights, influencing corporate decisions, and engaging with management. Below is a detailed guide:



1. Types of General Meetings

  • Annual General Meeting (AGM)

    • Held once a year (typically May–July) to approve financial statements, dividends, director elections, and auditor appointments.

    • 2025 AGM: Held on 23 Jul (no dividend declared).

  • Extraordinary General Meeting (EGM)

    • Convened for urgent matters (e.g., major acquisitions, share issuances).



2. Key Agenda Items (Typical for WISE)

  • Approval of annual report and financial statements.

  • Re-election of directors (e.g., Executive Chairman Dr. LUK Man Lung, Andy).

  • Declaration of final dividends (if any).

  • Appointment/Reappointment of auditors.

  • Special resolutions (e.g., share buybacks, changes to articles of association).



3. How to Participate

A. For Registered Shareholders

  • Notice of Meeting: Sent by      post/email ~21 days before the meeting.

  • Voting:

    • In Person: Attend at the AGM venue (typically in Hong Kong).

    • Proxy Voting: Submit a form (provided with the notice) to appoint a representative (e.g., company secretary).

  • Questions: Submit in writing in advance or during the Q&A session.

B. For Beneficial (Broker-Held) Shareholders

  • Proxy Access: Request a letter of authorization from your broker to vote (deadlines apply).

  • Webcasts: WISE may provide live/webcast options (check announcements).



4. Timeline & Deadlines

Action

Deadline (Typical)

AGM   Notice Sent

~21   days before meeting

Proxy   Forms Due

48   hours before AGM

Record   Date (for voting eligibility)

Usually   2–3 days before AGM



5. Recent Voting Trends

  • Directors’ Re-election: Typically passed with >90% approval.

  • Dividend Resolutions: Subject to profitability.

  • Controversial Items: Rare, but monitor for capital-raising proposals.



6. Shareholder Rights & Activism

  • Propose Resolutions: Requires  >5% shareholding or 100+ shareholders (per HK Companies Ordinance).

  • Challenge Management: Possible via EGM requests (e.g., removal of directors).



7. Logistics for Attending

  • Location: Check notices (e.g., WISE’s Hong Kong office or virtual/hybrid options).

  • Documents Needed:

    • Registered Holders: HKID/passport and share certificate/statement.

    • Proxy Voters: Signed authorization form.



8. Post-Meeting Actions

  • Results: Published on website within 1–2 days.

  • Minutes: Available upon request (contact company secretary).



Key Contacts

  • Share Registrar: WISE CONSTRUCTION GROUP HOLDINGS (Tel: +852 3480 5095).

  • WISE Investor Relations: info@wcghl.com

Tips:

  • Review AGM circulars for proxy advice.

  • Track meeting updates on website.