Maxicity Holdings Limited has passed a special resolution on 29 May 2026 to adopt a third set of amended and restated Memorandum and Articles of Association.
Key updates and corporate framework • Corporate identity and domicile: The company’s English name remains “Maxicity Holdings Limited”; its Chinese dual foreign name is “豐城控股有限公司”. The registered office is confirmed at Conyers Trust Company (Cayman) Limited, Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands.
• Authorised share capital: HK$10.00 million divided into 1.00 billion ordinary shares of HK$0.01 par value each. The documents preserve the board’s authority to issue additional shares, increase or reduce capital, and create new share classes with preferred, restricted or limited voting rights.
• Treasury-share regime: The company is now empowered—subject to Cayman law and Hong Kong Listing Rules—to repurchase its own shares and hold them as treasury shares. Treasury shares will carry no voting or dividend rights and may be resold or cancelled at the board’s discretion.
• Electronic and hybrid governance: New provisions recognise physical, hybrid and fully electronic general meetings, allow electronic distribution of notices and corporate communications, and support electronic voting and proxy submissions.
• Uncertificated securities: The Articles align with Hong Kong’s upcoming uncertificated-securities market (USM) regime, enabling dematerialised shareholding and electronic transfer via the HKEX Central Clearing and Settlement System (CCASS) or other SFC-approved platforms.
• Board and shareholder authorities: – Directors may present winding-up petitions without further shareholder approval. – Shareholders holding at least 10% of paid-up capital can requisition an extraordinary general meeting. – At each AGM, one-third of directors (minimum) must retire by rotation; each director faces re-election at least once every three years.
• Distribution flexibility: Dividends may be paid in cash, scrip or a combination thereof, with mechanisms for capitalisation of reserves to satisfy scrip dividends.
• Indemnities: Directors, officers and auditors receive broad indemnification against liabilities incurred in the course of their duties, except in cases of fraud or dishonesty.
These amendments position Maxicity to operate with enhanced corporate flexibility, accommodate electronic shareholder engagement and align with Hong Kong’s evolving securities-market infrastructure.