IDT International Wins Overwhelming Shareholder Backing at 2025 AGM

Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks IDT International Limited ( (HK:0167) ) has provided an announcement. Shareholders of IDT International Limited overwhelmingly approved all resolutions at the company’s 2025 annual general meeting held on 11 May 2026, including adoption of the 2025 audited accounts and the re-election of independent non-executive directors Ms. Chen Weijie and Mr. Mak Tin Sang. The board was also authorised to fix director and auditor remuneration and to re-appoint Forvis Mazars CPA Limited as auditors, underscoring continuity in oversight and financial reporting. Investors further backed broad capital management flexibility, granting directors general mandates to issue up to 20% of the company’s share capital, repurchase up to 10%, and extend the issuance mandate by the amount of shares repurchased. The near-unanimous support, with no required abstentions or voting restrictions, signals strong shareholder confidence in the current governance structure and provides management with enhanced tools for future financing, capital optimisation, and potential strategic transactions. All directors attended the meeting and 519,984,181 issued shares were eligible to vote, ensuring a fully enfranchised register for the decisions taken. The passage of these resolutions consolidates IDT International’s ability to respond quickly to market conditions while maintaining compliance with Hong Kong listing requirements and reinforcing its standing among stakeholders. More about IDT International Limited IDT International Limited, incorporated in Bermuda and listed in Hong Kong, operates in the consumer electronics sector, historically known for timepiece, weather, and lifestyle electronic products. The company serves global retail and OEM markets and is subject to Hong Kong listing rules, reflecting its focus on international capital market access and compliance. Its shareholder base is diversified across public investors entitled to vote on corporate matters at its annual general meetings, where decisions on financial statements, board composition, auditor appointments, and capital mandates directly shape its governance and financial flexibility. Average Trading Volume: 795,050 Current Market Cap: HK$3.17B Find detailed analytics on 0167 stock on TipRanks’ Stock Analysis page.