Sinolife United Schedules 4 Sept 2026 EGM to Decide on Articles Amendments and Reserve Utilisation

Bulletin Express
Aug 17

NANJING SINOLIFE UNITED COMPANY LIMITED (Sinolife United) has issued a proxy form for an extraordinary general meeting (EGM) to be held on 4 September 2026 at 9:30 a.m. in Nanjing, Jiangsu Province, China. The meeting will put two key proposals to shareholder vote:

1. Special Resolution – Amendments to Articles of Association and Abolition of Board of Supervisors • Shareholders will consider revising the company’s articles of association. • The proposed changes include eliminating the Board of Supervisors, transferring its oversight functions to alternative governance arrangements yet to be detailed in the official EGM notice.

2. Ordinary Resolution – Utilisation of Reserves to Offset Accumulated Losses • Management seeks approval to apply the parent company’s capital reserve and statutory surplus reserve to write off accumulated losses recorded at the parent-company level. • The exact amounts to be utilised were not specified in the proxy form; full details are available in the EGM notice dated 18 August 2026.

Voting Arrangements • Each H-shareholder is entitled to appoint one or more proxies to attend and vote. • Proxy forms must reach Computershare Hong Kong Investor Services Limited by 9:30 a.m. on 3 September 2026, at least 24 hours before the meeting. • Shareholders who attend the EGM in person will supersede any previously lodged proxy instructions.

Context The proposed reserve utilisation aims to streamline the capital structure by clearing historical losses, a common step for companies seeking greater flexibility for future profit distribution. The elimination of the Board of Supervisors aligns with governance reforms adopted by several PRC-incorporated companies following recent regulatory changes permitting a single-tier board structure.

Shareholders are encouraged to review the full EGM circular, including the detailed text of the resolutions, before casting their votes.

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