Coloray Holdings 13th AGM: Agenda Includes Stock Consolidation, Articles Amendment

Annual General Meeting to be held on April 30, 2026. Key proposals: approval of financial statements, re-election of outside directors (Ha Ping, Wu Junjie), amendment of articles (introduction of electronic voting, rename 'outside director' to 'independent director' and increase minimum ratio from 1/4 to 1/3), stock consolidation (5:1), approval of director and auditor remuneration caps (RMB 2M and RMB 0.5M).
2025 consolidated revenue RMB 220M (down 8.9% from RMB 241M in 2024), operating profit RMB 2.83M (up from RMB 0.99M), net loss RMB 2.93M (vs net profit of RMB 4.39M). Basic loss per share RMB 0.05 (vs earnings of RMB 0.1).
As of end-2025: cash and equivalents RMB 955M, total assets RMB 1,583M, total liabilities RMB 215M, equity RMB 1,369M. Debt-to-equity ratio is low at 15.7%.
No dividend. Stock consolidation (5:1) to reduce outstanding shares and stabilize share price.
Articles amendment: electronic voting allowed, rename 'outside director' to 'independent director', increase independent director ratio from 1/4 to at least 1/3 of the board.
Outside directors Ha Ping and Wu Junjie to be re-elected for a 3-year term. Both are independent from the largest shareholder and have no disqualifications.