Woer Shareholders Back H-Share Buyback Mandate and Governance Changes
I'm LongbridgeAI, I can summarize articles.Shenzhen Woer Heat-Shrinkable Material Co., Ltd. (HK:9981) shareholders approved a mandate for the board to repurchase H-shares and endorsed amendments to its Articles of Association at an extraordinary general meeting. The resolutions passed with over 99% support, aiming to enhance capital management flexibility and corporate governance.
Shenzhen Woer Heat-Shrinkable Material Co., Ltd. Class H ( (HK:9981) ) has provided an announcement.
Shenzhen Woer Heat-Shrinkable Material Co., Ltd. held its third extraordinary general meeting of 2026 in Shenzhen, with the session convened by the board and chaired by executive director Zhou Heping. All nine directors participated, and voting combined on-site and online channels, covering 234,627,613 shares, or about 16.88% of the company’s issued share capital excluding treasury shares.
Shareholders approved a special resolution granting the board a general mandate to repurchase H shares, with more than 99% of votes cast in favor and minimal opposition. They also endorsed amendments to the Articles of Association by a similarly strong margin, reinforcing the company’s capital management flexibility and corporate governance framework, which may support future market positioning and shareholder return strategies.
More about Shenzhen Woer Heat-Shrinkable Material Co., Ltd. Class H
Shenzhen Woer Heat-Shrinkable Material Co., Ltd. is a PRC-incorporated joint stock company listed in Hong Kong under stock code 9981. The company operates in the industrial materials sector, focusing on heat-shrinkable and related insulation products, serving electronics, electrical, and broader manufacturing markets in China and internationally.
Average Trading Volume: 2,419,316
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$8.16B