Parkson Retail Group Limited (Parkson) received unqualified shareholder support at its Annual General Meeting on 18 May 2026, with every resolution passing by a 100% majority.
Key Outcomes
1. Financial Statements Adopted • All 1.45 billion votes cast backed the audited consolidated financial statements and directors’ and auditor’s reports for the year ended 31 December 2025.
2. Board Composition and Remuneration • Executive Director Juliana Cheng San San and Independent Non-executive Director Dato’ Fu Ah Kiow were both re-elected with full support. • Shareholders also authorised the board to determine directors’ remuneration, again with 1.45 billion votes in favour.
3. Auditor Re-appointment • Messrs. Grant Thornton Hong Kong Limited was re-appointed as auditor, with shareholders granting the board authority to set remuneration (1.45 billion votes for, none against).
4. Capital Management Mandates • Share Repurchase: Directors received a general mandate to repurchase up to 10% of the issued share capital. • Share Issuance: A separate mandate allows directors to issue, allot and deal with shares representing up to 20% of issued capital, with an additional mandate to extend this limit by the aggregate number of shares repurchased. • Each capital-related resolution attracted unanimous approval of 1.45 billion votes.
Share Capital and Voting Details
• Total issued shares on the meeting date: 2.63 billion. • Shares eligible to vote: 2.63 billion. • No shares carried restrictions or were required to abstain from voting, and no shareholder indicated an intention to oppose any resolution.
Governance Notes
• Tricor Investor Services Limited acted as the independent scrutineer for vote-counting. • All board members were present except Independent Non-executive Director Datuk Koong Lin Loong, who was absent due to personal commitments.
The decisive backing across all agenda items provides Parkson’s board with full authority to proceed with day-to-day governance, auditor engagement and capital-management initiatives for the forthcoming year.