China Silver Clarifies AGM Proposals and Share Buy-backs

China Silver Technology Holdings Limited (HK:0515) has released an update.

China Silver Technology Holdings Limited has issued clarifications regarding its upcoming annual general meeting (AGM) materials, stating that any shares bought back under the Buy-back Mandate are intended to be canceled, not held as treasury shares. This follows recent Listing Rules amendments that allow for the holding and resale of treasury shares, which the company is considering for future capital structure management but has no immediate plans to implement. Additionally, the company has clarified that the Issue Mandate and Extended Issue Mandate sought at the AGM will not authorize the resale of treasury shares, even after the rule changes take effect on June 11, 2024.

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