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Ahsay Backup Software Development Company Limited Proxy Solicitation & Information Statement 2026
51370_rns_2026-04-10_7026e7af-2c24-4135-8065-df87d4585104.pdf
Proxy Solicitation & Information Statement
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THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION
If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser.
If you have sold or transferred all your shares in AHSAY BACKUP SOFTWARE DEVELOPMENT COMPANY LIMITED (the "Company"), you should at once hand this circular, together with the enclosed form of proxy, to the purchaser(s) or transferee(s) or to the bank, stockbroker, registered dealer in securities or other agents through whom the sale or transfer was effected for transmission to the purchaser(s) or transferee(s).
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular.
Ahsay Backup Software Development Company Limited
亞勢備份軟件開發有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8290)
(1) PROPOSED GRANT OF GENERAL MANDATES TO ISSUE AND REPURCHASE SHARES;
(2) PROPOSED RE-ELECTION OF RETIRING DIRECTORS AND CONTINUOUS APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR WHO HAS SERVED MORE THAN NINE YEARS;
(3) PROPOSED RE-APPOINTMENT OF AUDITOR; AND
(4) NOTICE OF ANNUAL GENERAL MEETING
A notice convening the annual general meeting of the Company ("AGM") to be held at 9:30 a.m. on Friday, 15 May 2026 at Conference Room, 28th Floor, Ford Glory Plaza, No. 37 Wing Hong Street, Lai Chi Kok, Hong Kong is set out on pages 22 to 27 of this circular. A form of proxy for use by the shareholders at the AGM is enclosed.
Whether or not you are able to attend the AGM, you are advised to read this circular and to complete the accompanying form of proxy in accordance with the instructions printed thereon and return the same to the branch share registrar of the Company in Hong Kong, Tricor Investor Services Limited at 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong as soon as possible but in any event not later than 48 hours before the time appointed for holding the AGM or any adjournment thereof. Completion and return of the form of proxy will not preclude you from attending and voting in person at the AGM or any adjournment thereof should you so wish.
This circular, together with a form of proxy, will remain on the "Latest Listed Company Information" page on the GEM website at www.hkgem.com for at least 7 days from the date of its publication and will also be published on the Company's website at https://www.ahsay.com/en/finance.
10 April 2026
CHARACTERISTICS OF GEM
GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration.
Given that the companies listed on GEM are generally small and mid-sized companies, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM.
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CONTENTS
Page
Definitions 1
Letter from the Board 4
Appendix I — Explanatory Statement on the Repurchase Mandate 11
Appendix II — Details of Directors proposed to be re-elected at the AGM 16
Notice of AGM 22
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DEFINITIONS
In this circular, the following expressions have the following meanings unless the context otherwise requires:
"AGM"
the annual general meeting of the Company to be held at 9:30 a.m. on Friday, 15 May 2026 at Conference Room, 28th Floor, Ford Glory Plaza, No. 37 Wing Hong Street, Lai Chi Kok, Hong Kong, for the purpose of considering and if thought fit, approving, inter alia, the resolutions proposed in this circular
"Articles"
the articles of association of the Company as amended, supplemented or modified from time to time
"associate(s)"
has the meaning ascribed to this term under the GEM Listing Rules
"Board"
the board of Directors
"Cayman Companies Act"
the Companies Act (as revised) of the Cayman Islands, as amended, supplemented and/or otherwise modified from time to time
"Company"
Ahsay Backup Software Development Company Limited, a company incorporated in the Cayman Islands as an exempted company with limited liability, the issued Shares of which are listed on GEM (Stock Code: 8290)
"controlling shareholder(s)"
has the meaning ascribed to this term under the GEM Listing Rules
"Director(s)"
the director(s) of the Company
"GEM"
the GEM of the Stock Exchange
"GEM Listing Rules"
the Rules Governing the Listing of Securities on GEM
"Group"
the Company and its subsidiaries
"HK$"
Hong Kong dollar(s), the lawful currency of Hong Kong
"Hong Kong"
the Hong Kong Special Administrative Region of the People's Republic of China
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DEFINITIONS
"Issue Mandate"
a general and unconditional mandate proposed to be granted to the Directors to exercise the power of the Company to allot, issue and deal with new Shares (including sale or transfer of treasury shares held by the Company in treasury) with the aggregate nominal value not exceeding 20% of the aggregate nominal value of the share capital of the Company in issue as at the date of passing of the relevant resolution at the AGM
"Latest Practicable Date"
30 March 2026, being the latest practicable date prior to the printing of this circular for ascertaining certain information contained in this circular
"Listing Date"
8 October 2015, being the date on which dealing in the Shares first commenced on the Stock Exchange
"Nomination Committee"
the nomination committee of the Board
"Repurchase Mandate"
a general and unconditional mandate proposed to be granted to the Directors to exercise the power of the Company to repurchase Shares not exceeding 10% of the aggregate nominal value of the share capital of the Company in issue (excluding any treasury shares) as at the date of passing the relevant resolution at the AGM
"SFO"
the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)
"Share(s)"
the ordinary share(s) of HK$0.01 each in the share capital of the Company
"Shareholder(s)"
the holder(s) of the Share(s)
"Stock Exchange"
The Stock Exchange of Hong Kong Limited
"Takeovers Code"
The Code on Takeovers and Mergers published by the Securities and Futures Commission of Hong Kong as amended from time to time
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| DEFINITIONS | |
|---|---|
| “treasury shares” | has the same meaning ascribed to it under the GEM Listing Rules |
| “US” | United States of America |
| “%” | per cent. |
LETTER FROM THE BOARD
Ahsay Backup Software Development Company Limited
亞勢備份軟件開發有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8290)
Executive Directors:
Mr. Chong Siu Ning (Chairman)
Mr. Chong Siu Pui (Vice Chairman and Chief Executive Officer)
Mr. Chong King Fan
Non-executive Director:
Ms. Chong Siu Fan
Independent non-executive Directors:
Mr. Kwok Chi Wah
Mr. Pun Chung Sang Trevor
Ms. Wong Pui Man
Registered office:
Cricket Square
Hutchins Drive
PO Box 2681
Grand Cayman KY1-1111
Cayman Islands
Head office and principal place of business in Hong Kong:
28/F, Ford Glory Plaza
No. 37 Wing Hong Street
Lai Chi Kok
Hong Kong
10 April 2026
To the Shareholders
Dear Sirs or Madams,
(1) PROPOSED GRANT OF GENERAL MANDATES TO ISSUE AND REPURCHASE SHARES;
(2) PROPOSED RE-ELECTION OF RETIRING DIRECTORS AND CONTINUOUS APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR WHO HAS SERVED MORE THAN NINE YEARS;
(3) PROPOSED RE-APPOINTMENT OF AUDITOR; AND
(4) NOTICE OF ANNUAL GENERAL MEETING
INTRODUCTION
The purpose of this circular is to provide you with information regarding the following resolutions to be proposed at the AGM relating to:
(a) the granting of the Issue Mandate to the Directors;
LETTER FROM THE BOARD
(b) the granting of the Repurchase Mandate to the Directors;
(c) the granting of the extension mandate to extend the Issue Mandate by an amount representing the aggregate nominal amount of any Shares purchased or repurchased under the Repurchase Mandate;
(d) the proposed re-election of the retiring Directors and continuous appointment of independent non-executive Director who has served more than nine years; and
(e) the proposed re-appointment of the auditor.
A notice convening the AGM setting out the details of the ordinary resolutions to be proposed at the AGM is set out on pages 22 to 27 of this circular.
ISSUE MANDATE
The Directors have been granted a general and unconditional mandate to allot, issue and deal with Shares pursuant to the ordinary resolutions duly passed by the Shareholders on 2 May 2025. The existing issue mandate would expire: (a) at the end of the next annual general meeting of the Company; (b) at the end of the period within which the Group is required by any applicable laws or the Articles to hold its next annual general meeting of the Company; or (c) when varied or revoked by an ordinary resolution of Shareholders in general meeting, whichever is the earliest.
As at the Latest Practicable Date, the existing general mandate has not been utilised and will lapse at the conclusion of the AGM. Therefore, an ordinary resolution will be proposed at the AGM that the Directors be granted a general and unconditional mandate to allot, issue and deal with new Shares (including any sale or transfer of treasury shares held by the Company in treasury) with the aggregate nominal value not exceeding 20% of the aggregate nominal value of the issued share capital of the Company (excluding any treasury shares) on the date of passing the relevant resolution.
REPURCHASE MANDATE
The Directors have been granted a general and unconditional mandate to exercise the power of the Company to repurchase Shares pursuant to the ordinary resolutions duly passed by the Shareholders on 2 May 2025. The repurchase mandate would expire: (a) at the end of the next annual general meeting of the Company; (b) at the end of the period within which the Group is required by any applicable laws or the Articles to hold its next annual general meeting of the Company; or (c) when varied or revoked by an ordinary resolution of Shareholders in general meeting, whichever is the earliest.
LETTER FROM THE BOARD
As at the Latest Practicable Date, the existing repurchase mandate has not been utilised and will lapse at the conclusion of the AGM. Therefore, an ordinary resolution will be proposed at the AGM that the Directors be granted a general mandate to exercise all the powers of the Company to purchase or repurchase Shares with the aggregate nominal value not exceeding 10% of the aggregate nominal value of the issued share capital of the Company (excluding any treasury shares) on the date of passing the relevant resolution. An explanatory statement giving the particulars required under Rule 13.08 of the GEM Listing Rules in respect of the Repurchase Mandate to provide the Shareholders with all the information reasonably necessary to enable them to make an informed decision whether to vote for or against the resolution is set out Appendix I to this circular.
The Company has in issue an aggregate of 2,000,000,000 Shares as at the Latest Practicable Date. Subject to the passing of the proposed resolutions for the approval of the Issue Mandate and the Repurchase Mandate and in accordance with the terms therein, the Company would be allowed to allot, issue and deal with (or transfer out of treasury) a maximum of 400,000,000 new Shares and to repurchase a maximum of 200,000,000 Shares (excluding any treasury shares) respectively, on the basis that no further Shares will be issued or repurchased by the Company prior to the AGM.
EXTENSION OF ISSUE MANDATE
In addition, subject to the passing of the resolutions to grant the Issue Mandate and the Repurchase Mandate, an ordinary resolution will be proposed at the AGM to authorise the Directors to extend the Issue Mandate to allot and issue Shares by an amount of shares representing the aggregate nominal value of shares of the Company purchased or repurchased by the Company pursuant to the authority granted to the Directors under the Repurchase Mandate provided that such extended amount shall not exceed 10% of the aggregate number of the issued Shares as at the date of passing the resolution for approving the Repurchase Mandate.
If the Company repurchases Shares pursuant to the Repurchase Mandate, the Company may (i) cancel the repurchase Shares and/or (ii) hold such Shares in treasury, subject to the market conditions and the capital management needs of the Company at the relevant time such repurchases of Shares are made. If the Company holds Shares in treasury, any resale of Shares held in treasury will be subject to the Issue Mandate and made in accordance with the GEM Listing Rules and applicable laws and regulations of the Cayman Islands.
LETTER FROM THE BOARD
RE-ELECTION OF THE DIRECTORS AND CONTINUOUS APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR WHO HAS SERVED MORE THAN NINE YEARS
As at the Latest Practicable Date, the Board consisted of seven Directors, namely, Mr. Chong Siu Ning, Mr. Chong Siu Pui, Mr. Chong King Fan, Ms. Chong Siu Fan, Mr. Kwok Chi Wah, Mr. Pun Chung Sang Trevor and Ms. Wong Pui Man.
According to Articles 84(1) of the Articles, at each annual general meeting, one-third of the Directors for the time being, or if their number is not a multiple of three, the number nearest to but not less than one-third shall retire from office by rotation provided that every Director shall be subjected to retirement at an annual general meeting at least once every three years.
In accordance with Articles 84(1) and (2) of the Articles, Mr. Chong Siu Ning, Mr. Chong King Fan and Ms. Wong Pui Man (who has served on the Board for more than nine years) will retire as Directors by rotation and, being eligible, will offer themselves for re-election as Directors at the AGM.
In accordance with Article 83(3) of the Articles, Mr. Pun Chung Sang Trevor and Mr. Kwok Chi Wah, being directors appointed to fill a casual vacancy on the Board on 20 June 2025, shall hold office until the AGM (being the first annual general meeting after their respective appointments), and being eligible, shall be proposed for re-election as Directors at the AGM.
The biographical details of the retiring Directors eligible for re-election at the AGM are set out in Appendix II to this circular.
The Company has received the annual confirmation of independence from each of the independent non-executive Directors. The Nomination Committee of the Company has reviewed and assessed the annual confirmation of independence of each of the independent non-executive Directors based on the independence criteria as set out in Rule 5.09 of the Listing Rules and formed the view that all of them remain independent. In particular, the Nomination Committee is satisfied that Ms. Wong Pui Man, the independent non-executive Director who has served the Board for more than nine years and who will be standing for re-election at the AGM, has and will continue to provide valuable contributions to the Company and demonstrate her ability to exercise independence of judgement and provide a balanced and objective view in relation to the Company's affairs which will continue to be of significant benefit to the Company. Ms. Wong Pui Man had abstained from deliberation and decision in respect of the assessment of her own independence.
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LETTER FROM THE BOARD
The Company has put in place nomination procedures and selection criteria in the nomination of candidates to be appointed or re-appointed as Directors. The Nomination Committee has considered selection criteria on, among others, age, gender, skills, professional experience, knowledge and length of service of the independent non-executive Directors as described in their biographies set out in Appendix II to this circular, having regard to the Company's board diversity policy and is of the view that Ms. Wong Pui Man has served the Company for more than nine years, there are no circumstances which are likely to affect her independence as an independent non-executive Director. In addition, her diversity of experience has enabled her to provide valuable and diverse views, as well as relevant insights to the Board and to contribute to the diversity of the Board. The re-appointment of Ms. Wong Pui Man was recommended by the Nomination Committee, and the Board has accepted the recommendations following a review of her overall contribution and service to the Company. In compliance with code provision B.2.3 of the Corporate Governance Code as set out in Appendix C1 of the GEM Listing Rules, a separate resolution setting out the continuous appointment of Ms. Wong Pui Man, who has been serving the Board more than nine years, will be proposed at the AGM.
RE-APPOINTMENT OF AUDITOR
Ernst & Young will retire as the independent auditor of the Company at the AGM and, being eligible, offer themselves for re-appointment.
The Board proposed to re-appoint Ernst & Young as the independent auditor of the Company and to hold office until the conclusion of the next annual general meeting of the Company. A resolution is also proposed to authorise the Board to fix the auditor's remuneration.
CLOSURE OF REGISTER OF MEMBERS
The forthcoming AGM is scheduled to be held on Friday, 15 May 2026. For determining the entitlement to attend and vote at the AGM, the register of members of the Company will be closed from Tuesday, 12 May 2026 to Friday, 15 May 2026, both days inclusive, during which period no transfer of shares of the Company will be registered. In order to be eligible to attend and vote at the AGM, all share transfer documents accompanied by the relevant share certificates must be lodged with the share registrar of the Company in Hong Kong, Tricor Investor Services Limited, 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong, for registration not later than 4:30 p.m. on Monday, 11 May 2026.
LETTER FROM THE BOARD
AGM AND PROXY ARRANGEMENT
The notice convening the AGM to be held at 9:30 a.m. on Friday, 15 May 2026 at Conference Room, 28th Floor, Ford Glory Plaza, No. 37 Wing Hong Street, Lai Chi Kok, Hong Kong is set out on pages 22 to 27 of this circular. Ordinary resolutions will be proposed at the AGM for the purpose of considering and if thought fit, approving, inter alia, the resolutions proposed in this circular.
A form of proxy for use in connection with the AGM is enclosed herewith. Whether or not you are able to attend the meeting, you are requested to complete and return the enclosed form of proxy in accordance with the instructions printed thereon to the branch share registrar of the Company in Hong Kong, Tricor Investor Services Limited at 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong as soon as possible but in any event not later than 48 hours before the time appointed for the holding of the AGM or any adjourned meeting thereof. Completion and return of the form of proxy will not preclude you from attending and voting in person at the AGM (or any adjourned meeting thereof) should you so wish.
VOTING AT THE AGM
Pursuant to Rule 17.47(4) of the GEM Listing Rules, any vote of the Shareholders at a general meeting of the Company must be taken by poll except where the chairman, in good faith, decides to allow a resolution which relates purely to a procedural or administrative matter to be voted on by a show of hands. Accordingly, the resolutions to be considered and, if thought fit, approved at the AGM will be voted by way of a poll by the Shareholders. An announcement on the poll results will be made by the Company after the AGM, in the manner prescribed under Rule 17.47(5) of the GEM Listing Rules, on the results of the AGM.
RECOMMENDATION
The Directors believe that the Issue Mandate, the Repurchase Mandate, the extension of the Issue Mandate, the re-election of retiring Directors and continuous appointment of independent non-executive Director who has served for more than nine years, and the proposed re-appointment of the auditor are in the interests of the Company as well as the Shareholders as a whole. Accordingly, the Directors recommend the Shareholders to vote in favour of such resolutions to be proposed at the AGM.
LETTER FROM THE BOARD
RESPONSIBILITY STATEMENT
This circular, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this circular is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this circular misleading.
GENERAL INFORMATION
Your attention is also drawn to the appendices to this circular.
The English text of this circular shall prevail over the Chinese text for the purpose of interpretation.
Yours faithfully,
By order of the Board
Ahsay Backup Software Development Company Limited
Chong Siu Ning
Chairman and Executive Director
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APPENDIX I EXPLANATORY STATEMENT ON THE REPURCHASE MANDATE
This appendix serves as an explanatory statement, as required pursuant to Rule 13.08 and other relevant provisions of the GEM Listing Rules, to provide you with the requisite information reasonably necessary to enable you to make an informed decision on whether to vote for or against the resolution to approve the grant of the Repurchase Mandate.
1. SHARE CAPITAL
As at the Latest Practicable Date, the issued share capital of the Company comprised 2,000,000,000 Shares.
As at the Latest Practicable Date, the Company did not have any outstanding options, warrants and convertible securities to subscribe for the Shares.
Assuming that no further Shares are issued or repurchased during the period from the Latest Practicable Date until the AGM, exercise in full of the Repurchase Mandate, on the basis of 2,000,000,000 Shares in issue as at the Latest Practicable Date, could result in up to a maximum of 200,000,000 Shares being repurchased by the Company. The Company may cancel Shares repurchased or hold Shares repurchased as treasury shares, subject to market conditions and the capital management needs of the Group at the relevant time of the repurchase(s).
For the treasury shares to be deposited with CCASS pending resale on the Stock Exchange, the Company shall:
(i) procure its broker not to give any instructions to HKSCC to vote at general meetings of the Company for the treasury shares deposited with CCASS;
(ii) in the case of dividends or distributions, withdraw the treasury shares from CCASS, and either re-register them in its own name as treasury shares or cancel them, in each case before the record date for the dividends or distributions; and
(iii) take any other appropriate measures to ensure that it will not exercise any Shareholders' rights or receive any entitlements which would otherwise be suspended under the applicable laws if those Shares were registered in its own name as treasury shares.
2. REASONS FOR REPURCHASE
The Directors have no present intention to repurchase any Shares but consider that the Repurchase Mandate will provide the Company with the flexibility to make such repurchase when appropriate and beneficial to the Company. The Company may cancel repurchased Shares or hold them as treasury Shares, subject to market conditions and the Group's capital management needs at
APPENDIX I EXPLANATORY STATEMENT ON THE REPURCHASE MANDATE
the relevant time of the repurchases. Shares repurchased for cancellation may, depending on the market conditions and funding arrangements at the time, lead to an enhancement of the net asset value of the Shares and/or earnings per Share. On the other hand, Shares repurchased and held by the Company as treasury shares may be resold on the market at market price to raise funds for the Company, or used for other purposes, subject to the compliance with the GEM Listing Rules, the Articles of Association of the Company, and the laws of the Cayman Islands. Repurchase of Shares will only be made when the Directors believe that such repurchase will benefit the Company and the Shareholders. The Directors are seeking the granting of the Repurchase Mandate to give the Company the flexibility to do so if and when appropriate. The number of Shares to be repurchased on any occasion and the price and other terms upon which the same are repurchased will be decided by the Directors at the relevant time, having regarding to the circumstances then pertaining.
3. SOURCE OF FUNDS
The Company is empowered by the Articles to repurchase its Shares. In repurchasing Shares, the Company may only apply funds legally available for such purpose in accordance with the Articles, the Cayman Companies Act, the GEM Listing Rules and/or other applicable laws, rules and regulations, as the case may be.
Any repurchases by the Company may only be made out of profits of the Company or out of the proceeds of a fresh issue of Shares made for the purpose or, if authorised by the Articles and subject to the Cayman Companies Act and/or other applicable laws, rules and regulations, out of capital. The premium, if any, payable on repurchase must be provided for out of the profits of the Company or out of the Company's share premium account before or at the time the Shares are repurchased or, if authorised by the Articles and subject to Cayman Companies Act and/or other applicable laws, rules and regulations, out of capital. The Shares so repurchased will be treated as cancelled but the aggregate amount of authorised share capital will not be reduced.
The Company may not repurchase its own shares on the Stock Exchange for a consideration other than cash or settlement otherwise than in accordance with the trading rules of the Stock Exchange from time to time.
4. GEM LISTING RULES RELATING TO THE REPURCHASE OF SHARES
The GEM Listing Rules permit companies whose primary listings are on the Stock Exchange to repurchase their securities on the Stock Exchange and any other stock exchange on which securities of the company are listed and such exchange is recognised by the Securities and Futures Commission of Hong Kong subject to certain restrictions. Among such restrictions, the GEM
APPENDIX I EXPLANATORY STATEMENT ON THE REPURCHASE MANDATE
Listing Rules provide that the shares of such company must be fully paid up and all repurchases of shares by such company must be approved in advance by an ordinary resolution of shareholders, either by way of a general mandate or by specific approval of a particular transaction.
5. IMPACT ON WORKING CAPITAL OR GEARING POSITION
There might be a material adverse impact on the working capital or gearing position of the Company (as compared with the position disclosed in the audited financial statements contained in the annual report of the Company for the year ended 31 December 2025) in the event that the Repurchase Mandate is exercised in full. However, the Directors do not propose to exercise the Repurchase Mandate to such an extent as would, in the circumstances, have a material adverse effect on the working capital or gearing position of the Company which, in the opinion of the Directors, are from time to time appropriate for the Company.
6. DIRECTORS' UNDERTAKING
The Directors undertake to the Stock Exchange that, so far as the same may be applicable, they will exercise the power of the Company to make repurchases pursuant to the Repurchase Mandate in accordance with the GEM Listing Rules and all applicable laws of the Cayman Islands. The Company confirms that the explanatory statement set out in this Appendix contains the information required under Rule 13.08 of the GEM Listing Rules and that neither the explanatory statement nor the Repurchase Mandate has any unusual features.
7. DISCLOSURE OF INTERESTS OF DIRECTORS, THEIR CLOSE ASSOCIATES AND CORE CONNECTED PERSONS
None of the Directors nor, to the best of their knowledge having made all reasonable enquiries, any of their close associates (as defined in the GEM Listing Rules) has any present intention, in the event that the Repurchase Mandate is approved by Shareholders, to sell any of their Shares to the Company or its subsidiaries pursuant to the Repurchase Mandate.
No core connected person (as defined in the GEM Listing Rules) of the Company has notified the Company that he/she/it has a present intention to sell any of his/her/its Shares to the Company or has undertaken not to sell any of the Shares held by him/her/it to the Company, in the event that the Company is authorized to make repurchases of the Shares.
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APPENDIX I EXPLANATORY STATEMENT ON THE REPURCHASE MANDATE
8. THE TAKEOVERS CODE
If, on the exercise of the power to repurchase Shares pursuant to the Repurchase Mandate, a Shareholder’s proportionate interest in the voting rights of the Company increases, such increase may be treated as an acquisition for the purposes of Rule 32 of the Takeovers Code. Accordingly, a Shareholder, or a group of Shareholders acting in concert (within the meaning under the Takeovers Code), could obtain or consolidate control of the Company and become obliged to make a mandatory offer in accordance with Rule 26 of the Takeovers Code for all the Shares not already owned by such Shareholder or group of Shareholders.
As at the Latest Practicable Date, the controlling shareholders to the best knowledge of the Directors, namely Mrs. Chong Li Sau Fong, Mr. Chong Siu Pui, Mr. Chong Siu Ning, All Divine Investments Limited and Able Future Investments Limited, together with their parties acting in concert (within the meaning of the Takeovers Code) and their respective associates, were beneficially interested in 1,500,000,000 Shares representing 75.00% of the issued Shares. In the event that the Directors exercise the Repurchase Mandate in full the power of the Company to repurchase Shares, the interest of the controlling Shareholders, together with their parties acting in concert and their respective associates, in the Company would be increased to approximately 83.33% of the issued Shares. Such increase will not give rise to an obligation to make a mandatory offer under Rules 26 and 32 of the Takeovers Code.
Assuming that there is no issue of Shares between the Latest Practicable Date and the date of a repurchase and no disposal by any of the controlling shareholders of their interests in the Shares, an exercise of Repurchase Mandate may result in less than 25% of the Shares being held by the public. In any event, unless otherwise approved by the Stock Exchange, the Directors will refrain from exercising the power conferred by the Repurchase Mandate to an extent as may result in a public shareholding of less than 25%.
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APPENDIX I EXPLANATORY STATEMENT ON THE REPURCHASE MANDATE
9. SHARE PRICES
The highest and lowest prices at which the Shares were traded on GEM in each of the twelve months preceding the Latest Practicable Date and up to the Latest Practicable Date were as follows:
| Price per Shares | ||
|---|---|---|
| Highest | ||
| HK$ | Lowest | |
| HK$ | ||
| 2025 | ||
| March 2025 | 0.020 | 0.017 |
| April 2025 | 0.018 | 0.018 |
| May 2025 | 0.020 | 0.017 |
| June 2025 | 0.020 | 0.017 |
| July 2025 | 0.020 | 0.018 |
| August 2025 | 0.025 | 0.019 |
| September 2025 | 0.025 | 0.023 |
| October 2025 | 0.026 | 0.023 |
| November 2025 | 0.025 | 0.023 |
| December 2025 | 0.023 | 0.022 |
| 2026 | ||
| January 2026 | 0.024 | 0.022 |
| February 2026 | 0.033 | 0.023 |
| March 2026 (up to the Latest Practicable Date) | 0.031 | 0.026 |
10. SHARE REPURCHASES MADE BY THE COMPANY
No repurchase of Shares had been made by the Company during the six months preceding the Latest Practicable Date (whether on the Stock Exchange or otherwise).
APPENDIX II
DETAILS OF DIRECTORS PROPOSED TO BE RE-ELECTED AT THE AGM
Set out below are details of the Directors who will retire at the conclusion of the AGM and will be proposed to be re-elected at the AGM.
EXECUTIVE DIRECTORS
Mr. Chong Siu Ning (莊小蕙) (“Mr. Scherring Chong”), aged 52, was appointed as a Director on 10 April 2015 and designated as an executive Director on 9 June 2015 and was the vice-chairman of our Board from 9 June 2015 to 5 September 2021. On 6 September 2021, he was appointed as Chairman of our Board. He is one of the founders of our Group. He has also been the director and information technology & marketing director of Ahsay Systems Corporation Limited (“Ahsay HK”), an indirect wholly-owned subsidiary of the Company, since August 1999 and July 2000, respectively. Mr. Scherring Chong is responsible for overseeing the business development, strategic planning and information technology development of our Group.
Mr. Scherring Chong received his Bachelor of Engineering in computer engineering from the University of New South Wales, Australia, graduating with 1st class honours in January 1997.
Mr. Scherring Chong has extensive experience in the backup software industry. Prior to forming our Group, he worked as an associate software specialist at Oracle Systems Hong Kong Ltd. from June 1997 to March 1999. Mr. Scherring Chong is the son of Mr. Chong King Fan, the younger brother of Mr. Chong Siu Pui and Ms. Chong Siu Fan, the son of Mrs. Chong Li Sau Fong (“Mrs. Chong”), a Controlling Shareholder, and the cousin of Mr. Chong Kam Fung, the company secretary of our Company and the finance director of Ahsay HK.
As at the Latest Practicable Date, All Divine Investments Limited held a long position of 1,500,000,000 Shares, representing 75% of the issued Shares. All Divine Investments Limited is wholly-owned by Able Future Investments Limited which is owned as to 40%, 30% and 30% by Mrs. Chong, Mr. Chong Siu Pui and Mr. Scherring Chong, respectively. By virtue of the SFO, Mr. Scherring Chong, is deemed to be interested in the Shares held by All Divine Investments Limited.
Mr. Scherring Chong has entered into a service contract with the Company for a term of three years but will be subject to retirement by rotation and eligible for re-election at least once every three years at the annual general meeting of the Company pursuant to the Articles. Mr. Scherring Chong will be entitled to a fixed salary of HK$2,361,600 and a director’s fee of HK$120,000 per annum, which was determined by the Board on recommendation of the remuneration committee by reference to his duties and responsibilities with the Company, the Company’s performance and current market situation.
APPENDIX II
DETAILS OF DIRECTORS PROPOSED TO BE RE-ELECTED AT THE AGM
Mr. Chong King Fan (莊景帆), aged 78, was appointed as a Director on 10 April 2015 and designated as the chairman of our Board and an executive Director on 9 June 2015. Upon his retirement as the chairman of our Board on 6 September 2021, he continued to act as an executive Director of our Group. Mr. Chong King Fan is responsible for overseeing the business development and in-house operations of our Group.
After moving to Hong Kong in 1960, Mr. Chong King Fan attended evening English classes from September 1962 to June 1966 in Eton E. T. School, a private tuition school in Hong Kong. Mr. Chong King Fan worked in Ban Thong Company Limited, the principal activities of which are investment holding and general merchants, from 1963 to March 1993 during which he started working as the personal assistant and his last title was managing director. He was mainly responsible for managing the exports of white sugar and rice from China and the expansion of China export trading business with chemical products. Since April 1993, Mr. Chong King Fan has been the managing director of Million Trader (Hong Kong) Limited, the principal activities of which are the trading of dyestuff and chemicals, the provision of management services and property investment. He was mainly responsible for the overall business operation, arranging financial resources and exploring new business opportunities.
Mr. Chong King Fan now acts as an honorary chairman as well as a vice chairman of various merchants associations in Hong Kong. He acted as a chairman of Hong Kong Petroleum Chemicals & Pharmaceutical Materials Merchants Association Limited from March 1987 to March 1995 and thereafter he has been acting as an honorary chairman. He acted as a vice chairman of the Industrial Chemical Merchants Association Limited from 2013 to February 2016 and he has been a director since 2017. He has been an honorary director of Kowloon West Chaoren Association Limited since 2009 and acted as a vice chairman from 2013 to January 2015. He has been a vice chairman and an honorary consultant of Hong Kong Chongqing Friendship Federation Limited from 2013 to 2016 and he has been an executive committee member since 2017. Mr. Chong King Fan has also established his community network. He served as a director of the General Association of Kowloon District Affairs Consultants Limited since February 2010 and became an honorary chairman since May 2015. He has held various positions in the Federation of Sham Shui Po District Affairs since June 1998, including acting as an executive committee member and a chairman.
Mr. Chong King Fan was an advisor to the Hong Kong District Affairs under the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region (previously known as Xinhua News Agency Hong Kong Branch), and was a committee member of the Chongqing Committee of Chinese People's Political Consultative Conference (中國人民政治協
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APPENDIX II
DETAILS OF DIRECTORS PROPOSED TO BE RE-ELECTED AT THE AGM
商會議重慶市委員會). He is the spouse of Mrs. Chong, a Controlling Shareholder, the father of Mr. Chong Siu Pui, Mr. Scherring Chong and Ms. Chong Siu Fan, Directors, and the uncle of Mr. Chong Kam Fung, the company secretary of our Company and the finance director of Ahsay HK.
As at the Latest Practicable Date, All Divine Investments Limited held a long position of 1,500,000,000 Shares, representing 75% of the issued Shares. All Divine Investments Limited is wholly owned by Able Future Investments Limited which is owned by Mrs. Chong, Mr. Chong Siu Pui and Mr. Scherring Chong as to 40%, 30% and 30%, respectively. By virtue of the SFO, Mr. Chong King Fan, who is the spouse of Mrs. Chong, is deemed to be interested in the Shares held by All Divine Investments Limited.
Mr. Chong King Fan has entered into a service contract with the Company for a term of three years but will be subject to retirement by rotation and eligible for re-election at least once every three years at the annual general meeting of the Company pursuant to the Articles. Mr. Chong King Fan will be entitled to a director's fee of HK$120,000 per annum, which was determined by the Board on recommendation of the remuneration committee by reference to his duties and responsibilities with the Company, the Company's performance and current market situation.
INDEPENDENT NON-EXECUTIVE DIRECTOR
Ms. Wong Pui Man (黃佩文) (“Ms. Wong”), aged 53, is an independent non-executive Director appointed on 4 September 2015. Ms. Wong is responsible for providing independent advice to the Board of our Group. Ms. Wong obtained the Bachelor of Business Administration in Information and Systems Management from The Hong Kong University of Science and Technology in November 1996. Ms. Wong received her Bachelor of Chinese Medicine from Hong Kong Baptist University in November 2009. Ms. Wong holds the Practising Certificate for Registered Chinese Medicine Practitioner and is a registered Chinese medicine practitioner. Ms. Wong currently runs her own Chinese medicine clinic starting from July 2017.
Ms. Wong worked as an IT manager at ThreeSixty Sourcing Ltd., which is principally engaged in product development and sourcing, from May 2003 to July 2011, during which she was mainly responsible for developing, enhancing and maintaining the accounting and sourcing system. Ms. Wong worked as a senior application specialist at Oracle Systems Hong Kong Limited, a cloud-based and on-premises solutions provider, from August 1996 to March 2000 and from August 2000 to April 2003, during which she was mainly responsible for providing consultation and supporting service to Oracle ERP solution customer.
As at the Latest Practicable Date, Ms. Wong has no interests or short positions in any Shares, underlying Shares or debentures (as defined under Part XV of the SFO) of the Company.
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APPENDIX II
DETAILS OF DIRECTORS PROPOSED TO BE RE-ELECTED AT THE AGM
Ms. Wong has entered into an appointment letter with the Company for a term of three years but will be subject to retirement by rotation and eligible for re-election at least once every three years at the annual general meeting of the Company pursuant to the Articles. Ms. Wong will be entitled to a remuneration of HK$120,000 per annum, which was determined by the Board on recommendation of the remuneration committee by reference to her duties and responsibilities with the Company, the Company's performance and current market situation.
Mr. Kwok Chi Wah (郭志華) ("Mr. Kwok"), aged 66, is an independent non-executive Director appointed on 20 June 2025. Mr. Kwok is responsible for providing independent advice to the Board of our Group.
Mr. Kwok has over 30 years in the financial services and management industry. From November 1980 to December 1988, he worked at Sun Hung Kai Securities Limited, with his last position held as an assistant dealer. From December 1988 to June 2014, he served as Associate Director at South China Finance and Management Limited, a subsidiary of South China Financial Holdings Limited (Stock code: 619). Mr. Kwok obtained a General Certificate of Education Examination from University of London in June 1980. Mr. Kwok has retired since June 2014.
As at the Latest Practicable Date, Mr. Kwok has no interests or short positions in any Shares, underlying Shares or debentures (as defined under Part XV of the SFO) of the Company.
Mr. Kwok has entered into an appointment letter with the Company for a term of three years but will be subject to retirement by rotation and eligible for re-election at least once every three years at the annual general meeting of the Company pursuant to the Articles. Mr. Kwok will be entitled to a remuneration of HK$120,000 per annum, which was determined by the Board on recommendation of the remuneration committee by reference to his duties and responsibilities with the Company, the Company's performance and current market situation.
Mr. Pun Chung Sang Trevor (潘重生) ("Mr. Pun"), aged 57, is an independent non-executive Director appointed on 20 June 2025. Mr. Pun is responsible for providing independent advice to the Board.
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APPENDIX II
DETAILS OF DIRECTORS PROPOSED TO BE RE-ELECTED AT THE AGM
Mr. Pun has over 30 years of experience in financial, auditing and accounting profession in the service and hotel industry. He is a fellow member of the Association of Chartered Certified Accountants (ACCA) and Hong Kong Institute of Certified Public Accountant (HKICPA). He worked for Pricewaterhouse Coopers, an accounting firm in Hong Kong for nine years from August 1991 to July 2000, with his last position held as senior audit manager. From February 2004 to May 2005, he was an executive director of Timeless Software Limited (currently known as Timeless Resources Holdings Limited) (Stock Code: 8028). He has joined Swiss-Belhotel International since June 2005 and is senior vice president, chief financial officer and secretary to the corporate executive board of Swiss-Belhotel International. Mr. Pun obtained a Bachelor of Arts degree in Accountancy from the Hong Kong Polytechnic University in November 1991.
As at the Latest Practicable Date, Mr. Pun has never had, and is not deemed to have, any interests or short positions in any Shares, underlying Shares or debentures (as defined under Part XV of the SFO) of the Company.
Mr. Pun has entered into an appointment letter with the Company for a term of three years but will be subject to retirement by rotation and eligible for re-election at least once every three years at the annual general meeting of the Company pursuant to the Articles. Mr. Pun will be entitled to a remuneration of HK$120,000 per annum, which was determined by the Board on recommendation of the remuneration committee by reference to his duties and responsibilities with the Company, the Company's performance and current market situation.
GENERAL
Save as disclosed above, none of the above Directors:
(i) held any other positions in any members of the Group as at the Latest Practicable Date;
(ii) had any other relationship with any Directors, senior management or substantial shareholders or controlling shareholders of the Company as at the Latest Practicable Date;
(iii) held any other directorships in listed public companies the securities of which are listed on any securities market in Hong Kong or overseas in the three years prior to the Latest Practicable Date; and
(iv) had any interest in the Shares within the meaning of Part XV of the SFO.
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APPENDIX II
DETAILS OF DIRECTORS PROPOSED TO BE RE-ELECTED AT THE AGM
Save as disclosed above, there is no information in relation to the above Directors that needs to be disclosed pursuant to any of the requirements under Rules 17.50(2)(h) to 17.50(2)(v) of the GEM Listing Rules, and there are no other matters that need to be brought to the attention of the Shareholders pursuant to Rule 17.50(2)(w) of the GEM Listing Rules.
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NOTICE OF AGM
Ahsay Backup Software Development Company Limited
亞勢備份軟件開發有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8290)
NOTICE IS HEREBY GIVEN that the annual general meeting (the “AGM”) of Ahsay Backup Software Development Limited (the “Company”) will be held at 9:30 a.m. on Friday, 15 May 2026 at Conference Room, 28th Floor, Ford Glory Plaza, No. 37 Wing Hong Street, Lai Chi Kok, Hong Kong for the purpose of considering and, if thought fit, passing with or without amendments, the following resolutions:
ORDINARY RESOLUTIONS
- To receive and consider the audited consolidated financial statements of the Company and the reports of the directors (the “Directors”) and the independent auditor of the Company for the year ended 31 December 2025;
- To re-elect Mr. Chong Siu Ning as an executive director of the Company;
- To re-elect Mr. Chong King Fan as an executive director of the Company;
- To re-elect Ms. Wong Pui Man (who has served for more than nine years) as an independent non-executive director of the Company;
- To re-elect Mr. Kwok Chi Wah as an independent non-executive director of the Company;
- To re-elect Mr. Pun Chung Sang Trevor as an independent non-executive director of the Company;
- To authorise the board of Directors (the “Board”) to fix the Directors’ remuneration;
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To re-appoint Ernst & Young as the auditor of the Company and authorise the Board to fix the auditor’s remuneration;
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NOTICE OF AGM
as special business, to consider and, if thought fit, pass the following resolutions (with or without amendments) as ordinary resolutions:
- “THAT:
(a) subject to paragraph (c) below, the exercise by the Directors during the Relevant Period (as defined in paragraph (d) below) of all the powers of the Company to allot, issue and deal with new shares in the capital of the Company (including any sale or transfer of treasury shares) and to make or grant offers, agreements, options (including bonds, warrants and debentures convertible into shares of the Company) and rights of exchange or conversion which might require the exercise of such powers, subject to and in accordance with all applicable laws and requirements of the Rules Governing the Listing of Securities on the GEM of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) (as amended from time to time) (the “GEM Listing Rules”) be and is hereby generally and unconditionally approved;
(b) the approval in paragraph (a) above shall authorise the Directors during the Relevant Period (as defined in paragraph (d) below) to make or grant offers, agreements, options (including bonds, warrants and debentures convertible into shares of the Company) and rights of exchange or conversion which would or might require the exercise of such powers either during or after the end of the Relevant Period (as defined in paragraph (d) below);
(c) the aggregate nominal amount of share capital allotted or agreed conditionally or unconditionally to be allotted (whether pursuant to an option or otherwise) and issued by the Directors pursuant to the approval in paragraphs (a) and (b) above, otherwise than pursuant to (i) a Rights Issue (as defined in paragraph (d) below); (ii) the exercise of the rights of subscription or conversion under the terms of any warrants which may be issued by the Company or any securities which are convertible into shares; (iii) the exercise of options granted under any share option scheme or similar arrangement adopted by the Company for the grant or issue to the employees, officers, Directors and/or any of its subsidiaries and/or other eligible participants specified thereunder of options to subscribe for or rights to acquire shares of the Company; and (iv) any scrip dividend or similar arrangement providing for allotment and issue of shares in lieu of the whole or part of a dividend on the shares of the Company in accordance with the articles of association of the Company from time to time, shall not exceed 20% of the
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NOTICE OF AGM
aggregate nominal amount of the existing issued share capital of the Company (excluding treasury shares) as at the date of passing of this resolution and the said approval shall be limited accordingly; and
(d) for the purposes of this resolution:
“Relevant Period” means the period from the passing of this resolution until whichever is the earliest of:
(i) the conclusion of the next annual general meeting of the Company;
(ii) the expiration of the period within which the next annual general meeting of the Company is required by the articles of association of the Company, or any applicable laws of the Cayman Islands to be held; and
(iii) the passing of an ordinary resolution of the shareholders of the Company in general meeting revoking or varying such mandate.
“Rights Issue” means an offer of shares of the Company or offer or issue of warrants or options or other securities giving rights to subscribe for the shares of the Company open for a period fixed by the Directors to holders of shares of the Company on the register of members of the Company on a fixed record date in proportion to their then holding of such shares (subject to such exclusions or other arrangements as the Directors may deem necessary or expedient in relation to fractional entitlements, or having regard to any restrictions or obligations under the laws of, or the requirements of, or the expense or delay which may be involved in determining the existence or extent of any restrictions or obligations under the laws of, or the requirements of, any jurisdiction outside Hong Kong or any recognized regulatory body or any stock exchange, in any territory outside Hong Kong, applicable to the Company).
- “THAT:
(a) subject to paragraph (b) below, the exercise by the Directors during the Relevant Period (as defined in paragraph (c) below) of all the powers of the Company to purchase or repurchase shares of all classes and securities which carry a right to subscribe or purchase shares issued directly or indirectly by the Company on the Stock Exchange or on any other stock exchange on which the shares or securities of the Company may be listed and is recognised by the Securities and Futures Commission of Hong Kong and the Stock Exchange for this purpose, subject to
NOTICE OF AGM
and in accordance with all applicable laws and/or the requirements of the Securities and Futures Commission, the Companies Act of the Cayman Islands, the GEM Listing Rules or of any other stock exchange as amended from time to time, be and is hereby generally and unconditionally approved;
(b) the aggregate nominal amount of the shares of all classes and securities which carry a right to subscribe or purchase shares issued directly or indirectly by the Company which may be purchased or repurchased by the Company pursuant to the approval in paragraph (a) above shall not exceed 10% of the aggregate nominal amount of the share capital of the Company (excluding treasury shares) in issue at the date of the passing of this resolution, and the said approval shall be limited accordingly; and
(c) for the purpose of this resolution:
“Relevant Period” means the period from the passing of this resolution until whichever is the earliest of:
(i) the conclusion of the next annual general meeting of the Company;
(ii) the expiration of the period within which the next annual general meeting of the Company is required by the articles of association of the Company, or any applicable laws of the Cayman Islands to be held; and
(iii) the passing of an ordinary resolution of the shareholders of the Company in general meeting revoking or varying such mandate.”
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“THAT conditional upon resolutions no. 9 and no. 10 above being passed (with or without amendments), the general and unconditional mandate granted to the Directors to exercise the powers of the Company to allot, issue and deal with shares of the Company pursuant to the resolution set out in resolution no. 9 above be and is hereby extended by the addition thereto an amount of shares representing the aggregate nominal amount of shares of the Company purchased or repurchased by the Company pursuant to the authority granted to the Directors under resolution no. 10 above, provided that such
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NOTICE OF AGM
amount shall not exceed 10% of the aggregate nominal amount of the issued share capital of the Company (excluding treasury shares) as at the date of the passing of this resolution.”
By order of the Board
Ahsay Backup Software Development Company Limited
Chong Siu Ning
Chairman and Executive Director
Hong Kong, 10 April 2026
Notes:
- A member of the Company entitled to attend and vote at the AGM shall be entitled to appoint one or if he is a holder of two or more shares of the Company, more than one proxies to attend and vote in his stead. A proxy need not be a member of the Company but must be present in person in the AGM to represent the member. Completion and return of the form of proxy will not preclude a member of the Company from attending the AGM and voting in person should he so wish. In such event, his form of proxy will be deemed to have been revoked.
The instrument appointing a proxy shall be in writing under the hand of the appointer or his attorney duly authorised in writing, or if the appointer is a corporation, either under seal or under the hand of an officer or attorney duly authorized on its behalf.
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Where there are joint registered holders of any share, any one of such persons may vote at the AGM, either personally or by proxy, in respect of such share as if he were solely entitled thereto; but if more than one of such joint holders be present at the AGM personally or by proxy, that one of the said persons so present whose name stands first on the register of members of the Company in respect of such share shall alone be entitled to vote in respect thereof.
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A form of proxy for the AGM is enclosed. In order to be valid, the form of proxy together with the power of attorney or other authority, if any, under which it is signed, or a notarially certified copy of such power or authority, must be deposited at the Company's Hong Kong branch share registrar, Tricor Investor Services Limited at 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong, not later than 48 hours before the time for holding the AGM or any adjournment thereof.
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To ascertain the members' entitlement to attend and vote at the meeting, the register of members will be closed from Tuesday, 12 May 2026 to Friday, 15 May 2026, both days inclusive, during which period no transfer of shares can be registered. In order to be eligible to attend and vote at the meeting, all transfers of shares, accompanied by the relevant share certificates, must be lodged with the Company's branch share registrar, Tricor Investor Services Limited at 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong, for registration not later than 4:30 p.m. on Monday, 11 May 2026.
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An explanatory statement containing further details regarding resolution no. 8 above is set out in Appendix I to this circular of which this notice of AGM forms part.
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Details of the retiring directors of the Company are set out in Appendix II to this circular.
NOTICE OF AGM
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Members of the Company or their proxies shall produce documents of their proof of identity when attending the AGM.
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If Typhoon Signal No. 8 or above, or a “black” rainstorm warning is in effect any time after 7:00 a.m. on the date of the AGM, the meeting will be postponed. The Company will post an announcement on the website of Company at https://www.ahsay.com/en/finance and on the HKExnews website of the Stock Exchange at www.hkexnews.hk to notify Shareholders of the date, time and place of the rescheduled meeting.
As at the date of this notice, the executive Directors are Mr. CHONG Siu Ning, Mr. CHONG Siu Pui and Mr. CHONG King Fan and the non-executive Director is Ms. CHONG Siu Fan; and the independent non-executive Directors are Mr. KWOK Chi Wah, Mr. PUN Chung Sang Trevor and Ms. WONG Pui Man.
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