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Zibuyu Group Limited ( (HK:2420) ) has issued an announcement.
Zibuyu Group Limited reported that all resolutions put to shareholders at its annual general meeting on 11 May 2026 were passed by poll with overwhelming majorities. Shareholders approved the 2025 audited financial statements, re-elected three executive directors, renewed PricewaterhouseCoopers as auditor, and granted mandates to issue up to 20% and repurchase up to 10% of the company’s share capital.
The strong support, with virtually no opposition votes, consolidates the current board’s leadership and provides management with flexibility to manage its capital structure through future share issuances, transfers of treasury shares, and buybacks. These approvals underscore investor confidence in the company’s governance and financial reporting, while equipping Zibuyu Group with tools to respond to funding needs and market conditions in Hong Kong’s equity market.
More about Zibuyu Group Limited
Zibuyu Group Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange under stock code 2420. The group operates with a broad shareholder base of 500 million issued shares and maintains a share award scheme funded by existing shares, reflecting a structured capital management approach within Hong Kong’s regulated market framework.
Average Trading Volume: 150,515
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.19B
Learn more about 2420 stock on TipRanks’ Stock Analysis page.