The Board is pleased to announce that (1) all the proposed resolutions as set out in the Notice were duly passed by the Shareholders by way of poll at the AGM held on 22 August 2019; and (2) EY has been appointed as auditor of the Company with effect from the conclusion of the AGM.
Reference is made to the announcements of Magnus Concordia Group Limited (the “Company”) dated 8 October 2018, 21 December 2018 and 20 June 2019 and the circular of the Company dated 28 February 2019 (the “Circular”) in respect of the major transaction in relation to the acquisition of the entire equity interest in Jinjin Investments Co., Limited involving the issue of the consideration shares under general mandate. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Circular.
This announcement is made pursuant to Rule 13.18 of the Listing Rules with respect to a revolving loan facility agreement for certain banking facilities with an aggregate amount up to HK$320 million entered into by the Company with the Lender. The Facility Agreement imposes a specific performance obligation on certain controlling shareholders of the Company.
NOTICE IS HEREBY GIVEN that the annual general meeting of Magnus Concordia Group Limited (the “Company”) will be held at Room 103, 1/F, Duke of Windsor Social Service Building, 15 Hennessy Road, Wanchai, Hong Kong on Thursday, 22 August 2019 at 10:30 a.m. for the following purposes:
The Board of the Company announced that PwC will retire as the auditor of the Company upon expiration of its current term of office at the close of the 2019 AGM and will not be standing for re-appointment. The Board, with the recommendation of the audit committee of the Company, proposes to appoint EY as the new auditor of the Company at the 2019 AGM and to hold office until the conclusion of the next annual general meeting of the Company, subject to the approval of Shareholders at the 2019 AGM.