---
title: "China Literature Shareholders Approve All AGM Resolutions and Refresh Board"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288430063.md"
description: "China Literature (HK:0772) announced that shareholders approved all resolutions at its June 2, 2026 AGM, including financial statements and auditor reappointment. The board was refreshed with the re-election of Cao Huayi and new independent directors Kong Xiangjun and Mak Tze Leung. Tencent affiliates abstained from specific votes per listing rules. Analysts maintain a 'Buy' rating with a HK$36 target."
datetime: "2026-06-02T12:49:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288430063.md)
  - [en](https://longbridge.com/en/news/288430063.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288430063.md)
---

# China Literature Shareholders Approve All AGM Resolutions and Refresh Board

The latest announcement is out from China Literature ( (HK:0772) ).

China Literature reported the voting results of its June 2, 2026 annual general meeting in Hong Kong, where shareholders approved all resolutions put forward, including the receipt of 2025 financial statements, director remuneration arrangements, and the reappointment of PricewaterhouseCoopers as auditor. Shareholders also backed board changes, re-electing non-executive director Cao Huayi and electing new independent non-executive directors Kong Xiangjun and Mak Tze Leung, moves that refresh the board and its committees and may influence future governance and oversight, with certain connected shareholders, including Tencent affiliates, abstaining from specific resolutions in line with listing rules.

The meeting’s poll results showed overwhelming support for management proposals, with all ordinary resolutions passing by large margins and no additional shareholder-imposed voting restrictions beyond those required by Hong Kong listing regulations. The combination of strong shareholder backing and the appointment of new independent directors reinforces China Literature’s current strategic direction, potentially enhancing its corporate governance profile and signaling continuity and stability for investors and other stakeholders.

The most recent analyst rating on (HK:0772) stock is a Buy  
with a HK$36.00 price target.  
To see the full list of analyst forecasts on China Literature stock,  
see the HK:0772 Stock Forecast page.

**More about China Literature**

China Literature Limited is a Hong Kong-listed online literature and digital reading platform operator that develops and distributes online literary content. The company focuses on serialized web novels and related intellectual property, serving a broad base of Chinese-language readers and leveraging partnerships with major technology and media groups in its ecosystem.

**Average Trading Volume:** 5,298,289

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$23.58B

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