New City Development Group Limited (New City Dev) has issued a notice convening its 2026 Annual General Meeting (AGM) for 11:30 a.m. on Tuesday, 30 June 2026 at Unit D, 17/F, MG Tower, 133 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong.
Key matters to be tabled:
1. Financial Statements • Shareholders will consider and adopt the audited consolidated financial statements for the year ended 31 December 2025 together with the directors’ and auditor’s reports.
2. Board Composition • Executive directors up for re-election: Mr. Luo Min and Mr. Luo Zhen. • Independent non-executive directors up for re-election: Dr. Ouyang Qingru, Mr. Wong Pak Wing, Mr. Lam Chi Cheung Albert and Mr. Wong Kan Wai. • The board also seeks authority to fix directors’ remuneration.
3. Auditor Re-appointment • McMillan Woods (Hong Kong) CPA Limited is nominated for re-appointment, with the board empowered to determine its fees.
4. Share Capital Mandates • Share Repurchase: A general mandate authorising the company to repurchase up to 10% of its issued shares during the mandate period. • Share Issuance: A general mandate allowing the board to allot and issue new shares up to 20% of the existing share capital, excluding rights issues and other specified exemptions. • Extension Mandate: Conditional on the above mandates being approved, the issuance limit can be increased by the number of shares repurchased (up to an additional 10% of issued capital).
Administrative Details
• Proxy submission deadline: 11:30 a.m., Sunday, 28 June 2026. • Register of members closure: Thursday, 25 June 2026 to Tuesday, 30 June 2026 (both dates inclusive). Share transfer documents must be lodged by 4:00 p.m., Wednesday, 24 June 2026 to qualify for AGM attendance and voting. • Contingency: If Typhoon Signal No. 8 or above, a black rainstorm warning or “extreme conditions” is in force after 7:30 a.m. on the meeting day, the AGM will be postponed, with a new schedule to be announced.
As of the notice date, the board comprises three executive directors—Mr. Han Junran (Chairman), Mr. Luo Min and Mr. Luo Zhen—and four independent non-executive directors—Dr. Ouyang Qingru, Mr. Wong Pak Wing, Mr. Lam Chi Cheung Albert and Mr. Wong Kan Wai.