Prinx Chengshan Sets 2026 AGM to Approve Dividend, Board Mandates and Share Issue Authority

Prinx Chengshan Holdings Limited ( (HK:1809) ) has shared an announcement.

Prinx Chengshan Holdings Limited has called its annual general meeting for June 22, 2026, in Rongcheng City, Shandong Province, to present its 2025 audited financial statements and seek shareholder approval for a final dividend of HK$0.50 per share. Shareholders will also vote on the re-election of four directors, the authorization of the board to set directors’ pay, the reappointment of PricewaterhouseCoopers as auditor, and a mandate allowing the board to issue up to 20% of the company’s share capital, moves that collectively shape governance, capital flexibility and future funding options for the tire maker.

The proposed dividend signals ongoing profitability and returns for investors, while the re-election of both executive and independent non-executive directors supports continuity in management and oversight. Renewing the general mandate to issue shares, within the 20% cap, positions the company to respond quickly to market or expansion opportunities, though it also implies potential future equity dilution for existing shareholders if the authority is exercised.

More about Prinx Chengshan Holdings Limited

Prinx Chengshan Holdings Limited is a Hong Kong-listed tire manufacturer incorporated in the Cayman Islands, with core operations in Shandong Province, China. The company focuses on the research, development and production of tires, serving both domestic and international markets through its subsidiary Prinx Chengshan (Shandong) Tire Company Limited.

Average Trading Volume: 109,413

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$5.12B

Find detailed analytics on 1809 stock on TipRanks’ Stock Analysis page.