Autostreets Development AGM Approves All Resolutions with Overwhelming Shareholder Support

Bulletin Express
Jun 30

Autostreets Development Limited (AUTOSTREETS) reported that shareholders endorsed every item on the agenda at the 30 June 2026 Annual General Meeting (AGM), reflecting broad confidence in the company’s governance and strategic direction.\n\n1. Financial Statements and Board Reports\nShareholders unanimously (100.00% of votes cast) adopted the audited consolidated financial statements for the year ended 31 December 2025, together with the directors’ and auditors’ reports.\n\n2. Board Composition and Remuneration\n• Executive Director Yang Aihua, Non-executive Director Rob Huting and Independent Non-executive Director Li Mochou were each re-elected with 100.00% support.\n• The Board was authorised to determine directors’ remuneration, also with full shareholder endorsement.\n\n3. Auditor Re-appointment\nErnst & Young was re-appointed as auditor until the next AGM, securing 100.00% of votes cast. The Board is authorised to fix the auditor’s remuneration.\n\n4. Share Capital Mandates\n• Share Repurchase Mandate: Directors received a 10% buy-back mandate over the company’s issued share capital, backed by 100.00% of votes.\n• Issuance Mandate: A 20% general mandate to issue, allot or deal with additional shares—including any treasury share transactions—was approved with 99.61% support.\n• Extension Mandate: Shareholders also permitted the Board to extend the issuance mandate by the amount of shares repurchased, passing with 99.61% backing.\n\n5. Equity Incentive Schemes\n• The 2026 Share Award Scheme and the related Service Provider Sublimit were each approved with 99.61% of votes in favour, enabling AUTOSTREETS to broaden its equity-based incentive tools.\n\n6. Voting Overview\nOut of 832.66 million issued shares, 258.32 million votes were cast on the resolutions, representing full participation of the shares voted. All resolutions met the ordinary majority threshold; none faced any opposition exceeding 0.39%, and no shareholders were required to abstain. Tricor Investor Services Limited acted as the scrutineer for the poll.\n\nAll directors attended the AGM, underscoring the Board’s commitment to governance and transparency.

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