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HCM Positive Sentiment Score: 85/100

Annual General Meeting held on

Key Takeaway: On May 13, 2025, HUTCHMED (China) Limited held its Annual General Meeting where all proposed resolutions were successfully passed. A significant majority of shareholders voted in favor of key ordinary resolutions, including the re-election of directors and the appointment of auditors. The successful passage of all resolutions, including mandates related to share issuance and repurchase, reflects strong shareholder support and confidence in the company's governance.

Market Sentiment Analysis

POSITIVE FACTORS

  • All ordinary and special resolutions passed successfully.
  • Strong voting majority in favor of key resolutions.
  • Approval for reappointments and audits indicates shareholder confidence.

Full Press Release Details

Annual General Meeting held on May 13, 2025 - Poll Results
Hong Kong, Shanghai, & Florham Park, NJ: Tuesday, May 13, 2025: HUTCHMED (China) Limited ("HUTCHMED" or the "Company") (Nasdaq/AIM: HCM; HKEX:13) today announces that all ordinary resolutions and special resolution put to its Annual General Meeting ("AGM") held on May 13, 2025 were duly passed. The poll results of the resolutions were as follows:
Ordinary Resolutions Number of Votes (%)* Passed by Shareholders
For Against Withheld #
1. To consider and adopt the audited Financial Statements, and the Reports of the Directors and the Independent Auditors for the year ended December 31, 2024. 493,635,784 (99.9863%) 67,770 (0.0137%) 54,915 Yes
2(A). To re-elect Dr Dan ELDAR as a Director. 479,808,571 (97.1824%) 13,910,941 (2.8176%) 38,955 Yes
2(B). To re-elect Dr Weiguo SU as a Director. 481,283,821 (97.4806%) 12,438,811 (2.5194%) 35,835 Yes
2(C). To re-elect Mr CHENG Chig Fung, Johnny as a Director. 481,167,431 (97.4570%) 12,555,206 (2.5430%) 35,830 Yes
2(D). To re-elect Ms Edith SHIH as a Director. 466,597,573 (94.5061%) 27,124,459 (5.4939%) 35,935 Yes
2(E). To re-elect Ms Ling YANG as a Director. 484,362,585 (98.1042%) 9,360,052 (1.8958%) 35,830 Yes
2(F). To re-elect Dr Renu BHATIA as a Director. 493,441,294 (99.9430%) 281,240 (0.0570%) 35,935 Yes
2(G). To re-elect Dr Chaohong HU as a Director. 493,441,904 (99.9431%) 280,740 (0.0569%) 35,825 Yes
2(H). To re-elect Professor MOK Shu Kam, Tony as a Director. 492,694,533 (99.7918%) 1,028,006 (0.2082%) 35,930 Yes
2(I). To re-elect Mr WONG Tak Wai as a Director. 493,633,871 (99.9820%) 88,768 (0.0180%) 35,830 Yes
3. To re-appoint PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP as the Auditors of the Company for Hong Kong financial reporting and US financial reporting purposes, respectively, and to authorize the Directors to fix the Auditors' remuneration. 492,729,314 (99.8004%) 985,390 (0.1996%) 43,765 Yes
Special Resolution
4. To grant a general mandate to the Directors to issue additional shares of the Company.^ 493,550,312 (99.9637%) 179,327 (0.0363%) 28,830 Yes
Ordinary Resolution
5. To grant a general mandate to the Directors to repurchase shares of the Company.^ 493,321,158 (99.9180%) 405,036 (0.0820%) 32,275 Yes
* Percentages rounded to 4 decimal places.
# A vote withheld is not a vote in law and is not counted in the calculation of the proportion of the votes for or against a resolution.
^ The full text of Resolutions 4 and 5 are set out in the notice of AGM dated April 8, 2025.
Investor Enquiries +852 2121 8200 / ir@hutch-med.com
Media Enquiries
FTI Consulting - +44 20 3727 1030 / HUTCHMED@fticonsulting.com
Ben Atwell / Alex Shaw +44 7771 913 902 (Mobile) / +44 7779 545 055 (Mobile)
Brunswick - Zhou Yi +852 9783 6894 (Mobile) / HUTCHMED@brunswickgroup.com
Panmure Liberum Nominated Advisor and Joint Broker
Atholl Tweedie / Freddy Crossley / Rupert Dearden +44 20 7886 2500
HSBC Joint Broker
Simon Alexander / Alina Vaskina / Arnav Kapoor +44 20 7991 8888
Cavendish Joint Broker
Geoff Nash / Nigel Birks +44 20 7220 0500

Frequently Asked Questions

When was HUTCHMED's Annual General Meeting held?

HUTCHMED's Annual General Meeting took place on May 13, 2025.

What resolutions were passed at the AGM?

All ordinary and special resolutions were successfully passed.

How many votes supported the re-election of Dr. Dan Eldar?

Dr. Dan Eldar received 479,808,571 votes in favor of his re-election.

Which auditor firms were re-appointed by HUTCHMED?

PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP were re-appointed.

What percentage of votes supported the share issuance mandate?

The share issuance mandate received 99.9637% votes in favor.

Last updated: May 13, 2025