AGM/EGMJun 30, 2026, 04:07 PM
Kingsoft Cloud AGM Approves Share Plan, Issuance & Repurchase Mandates
AI Summary
Kingsoft Cloud Holdings Ltd. announced that all resolutions proposed at its Annual General Meeting (AGM) on June 30, 2026, were duly passed by shareholders. Key approvals include the adoption of the 2025 financial statements, re-election of directors, re-appointment of the auditor, and significant mandates for share issuance (up to 20%) and share repurchase (up to 10%). Shareholders also approved the 2026 Share Incentive Plan, revised annual caps for the 2024 and 2025 Xiaomi Framework Agreements, and amendments to the company's Memorandum and Articles of Association.
Key Highlights
- Shareholders approved the 2026 Share Incentive Plan with 92.98% of votes.
- Board received mandate to issue up to 20% of total issued shares (94.30% for).
- Board received mandate to repurchase up to 10% of total issued shares (99.99% for).
- Amendments to the Memorandum and Articles of Association were approved (99.32% for).
- Audited consolidated financial statements for the year ended December 31, 2025, were adopted (99.99% for).
- Directors Mr. Qu Heng, Mr. Zhang Duo, and Ms. Qu Jingyuan were re-elected.
- Ernst & Young was re-appointed as auditor for 2026 (99.78% for).
- 2024 and 2025 Xiaomi Framework Agreements with revised annual caps for 2026-2027 were approved.
Price Impact
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