AGM/EGMJun 17, 2026, 06:07 AM
Baozun Shareholders Approve Most AGM Resolutions; RSU Grants Fail
AI Summary
Baozun Inc. announced the results of its Annual General Meeting of Shareholders held on June 16, 2026. Shareholders approved the adoption of the 2025 financial statements, re-elected three independent directors, re-appointed KPMG as auditor, and granted general mandates for share issuance and buybacks. However, resolutions to approve the grant of restricted share units to Chairman Mr. Vincent Wenbin Qiu and Director Mr. Junhua Wu were not passed.
Key Highlights
- Shareholders adopted audited consolidated financial statements for 2025 with 99.97% of total votes For.
- Mr. Yiu Pong Chan re-elected as independent Director with 91.44% of total votes For.
- Mr. Steve Hsien-Chieng Hsia re-elected as independent Director with 89.11% of total votes For.
- Mr. Benjamin Changqing Ye re-elected as independent Director with 89.13% of total votes For.
- KPMG re-appointed as auditor, and Board authorized to fix remuneration, with 99.68% of total votes For.
- General mandate to allot/issue shares (Issue and Resale Mandate) approved with 87.31% of total votes For.
- General mandate to buy back shares approved with 99.44% of total votes For.
- Grant of 1,678,320 restricted share units to Mr. Vincent Wenbin Qiu was NOT approved (35.43% For).
- Grant of 1,110,447 restricted share units to Mr. Junhua Wu was NOT approved (34.89% For).
- Refreshment of 2022 Plan scheme mandate limit approved with 90.96% of total votes For.
Price Impact
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