FriendTimes Wins Strong Shareholder Backing for Dividend and Capital Mandates at AGM

FriendTimes Inc. ( (HK:6820) ) has provided an announcement.

FriendTimes Inc. reported that all resolutions at its 12 May 2026 annual general meeting were approved by shareholders, including receipt of the 2025 audited accounts and the declaration of a final dividend of HK2 cents per share, underscoring continued confidence in the company’s financial performance. Investors also backed the re-election of directors, the reappointment of KPMG as auditor, and broad share issuance and repurchase mandates of up to 20% and 10% of issued capital respectively, which collectively provide the board with significant flexibility over capital management and potential future fundraising or buyback activities.

The AGM vote saw overwhelming support for the board’s proposals, with all ordinary resolutions passed by large majorities and no opposition on key items such as the dividend and share repurchase mandate. These outcomes reinforce the existing governance structure and strengthen FriendTimes’ ability to adjust its capital structure in response to market conditions, a factor that may influence liquidity in the stock and the company’s strategic options in the competitive gaming and digital entertainment industry.

More about FriendTimes Inc.

FriendTimes Inc., incorporated in the Cayman Islands and listed in Hong Kong under stock code 6820, operates within the digital entertainment and gaming sector, publishing and operating online titles for a broad consumer audience. The company targets both domestic and international markets, leveraging mobile platforms and live-operations expertise to sustain user engagement and recurring revenue streams.

Average Trading Volume: 470,181

Technical Sentiment Signal: Sell

Current Market Cap: HK$1B

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