AGM/EGMJul 28, 2026, 08:08 AM
Jerash Holdings Schedules 2026 AGM; Ng Tsze Lun Nominated as Chairman
AI Summary
Jerash Holdings (US), Inc. announced its 2026 Annual Meeting of Stockholders for September 10, 2026, where shareholders will vote on the election of five directors, including the nomination of Ng Tsze Lun to succeed Choi Lin Hung as Chairman and CEO. The company reported record annual sales of $166 million for fiscal 2026, a 14% increase from fiscal 2025, and returned to profitability with a net income of $3.6 million. Shareholders will also cast an advisory vote on executive compensation and consider other business.
Key Highlights
- 2026 Annual Meeting of Stockholders scheduled for September 10, 2026.
- Five directors nominated for election, including Ng Tsze Lun as new Chairman/CEO.
- Shareholders to vote on advisory basis for named executive officers' compensation.
- Fiscal 2026 annual sales reached record $166 million, up 14% from fiscal 2025.
- Gross margin improved to 16% in fiscal 2026 from 15% in fiscal 2025.
- Net income was $3.6 million ($0.28 per share) in fiscal 2026, from a loss in fiscal 2025.
- Maintained regular quarterly dividend payments of $0.05 per share.
- Production capacity expected to increase by 30% by end of fiscal 2027.
Price Impact
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