OneConnect to Hold Annual General Meeting on April 8, 2022
March 03 2022 - 1:00AM
Business Wire
OneConnect Financial Technology Co., Ltd. (“OneConnect” or the
“Company”) (NYSE: OCFT), a leading technology-as-a-service provider
for financial institutions in China, today announced that it will
hold its annual general meeting (the “AGM”) of shareholders of 2022
at 55F, Ping An Financial Center, No. 5033 Yitian Road, Futian
District, Shenzhen, Guangdong, People’s Republic of China on April
8, 2022 at 10:00 a.m. (local time).
Five proposals will be submitted for shareholder approval at the
annual general meeting: (i) in connection with the proposed listing
on the Hong Kong Stock Exchange, to amend and restate the third
amended and restated memorandum and articles of association of the
Company currently in effect by deletion in their entirety and
substitution in their place of the Company’s fourth amended and
restated memorandum and articles of association, which is
conditional upon and will be effective immediately prior to the
completion of the Company’s listing on the Hong Kong Stock Exchange
(the "Listing"); (ii) to approve the granting of a general mandate
to the Directors to allot, issue or deal with additional shares of
the Company not exceeding 20% of the total number of issued shares
immediately following the Listing, and which is conditional upon
the Listing (the “Issuance Mandate”); (iii) to approve the granting
of a general mandate to the Directors to exercise powers of the
Company to repurchase shares of the Company representing up to 10%
of the total number of issued shares immediately following the
Listing, and which is conditional upon the Listing (the “Repurchase
Mandate”); (iv) subject to an approval of the Issuance Mandate and
the Repurchase Mandate and conditional upon the Listing, to approve
an extension to the Issuance Mandate, such that the number of
shares of the Company purchased under the Repurchase Mandate will
also be added to extend the Issuance Mandate, provided that such
additional amount shall not exceed 10% of the number of issued
shares of the Company immediately following the Listing; and (v) to
authorize each of the directors of the Company or Maples Corporate
Services Limited to take related actions that might be necessary to
effect the foregoing resolutions.
The Board of Directors of the Company has fixed the close of
business on March 7, 2022 as the record date (the “Record Date”)
for determining the shareholders entitled to receive the notice of
the AGM or any adjournment or postponement thereof.
Holders of record of the Company’s ordinary shares at the close
of business on the Record Date are entitled to attend and vote at
the AGM and any adjournment(s) or postponement(s) thereof in
person.
The notice of the annual general meeting is available on the
Company’s website at http://ir.ocft.com.
About OneConnect
OneConnect Financial Technology Co. Ltd. is a
technology-as-a-service provider for financial institutions. The
Company integrates extensive financial services industry expertise
with market-leading technology to provide technology applications
and technology-enabled business services to financial institutions.
The integrated solutions and platform the Company provides include
digital retail banking solution, digital commercial banking
solution, digital insurance solution and Gamma Platform, which is a
technology infrastructural platform for financial institutions. The
Company’s solutions enable its customers’ digital transformations,
which help them improve efficiency, enhance service quality, and
reduce costs and risks.
The Company has established long-term cooperation relationships
with financial institutions to address their needs of digital
transformation. The Company has also expanded its services to other
participants in the value chain to support the digital
transformation of financial services eco-system. In addition, the
Company has successfully exported its technology solutions to
overseas financial institutions.
For more information, please visit ir.ocft.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements constitute “forward-looking” statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as “will”, “expects”, “anticipates”,
“future”, “intends”, “plans”, “believes”, “estimates”, “confident”
and similar statements. Such statements are based upon management’s
current expectations and current market and operating conditions
and relate to events that involve known or unknown risks,
uncertainties and other factors, all of which are difficult to
predict and many of which are beyond the Company’s control.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: the
Company’s limited operating history in the technology-as-a-service
for financial institutions industry; its ability to achieve or
sustain profitability; the tightening of laws, regulations or
standards in the financial services industry; the Company’s ability
to comply with the evolving regulatory requirements in the PRC and
other jurisdictions where it operates; its ability to comply with
existing or future laws and regulations related to data protection
or data security; its ability to maintain and enlarge the customer
base or strengthen customer engagement; its ability to maintain its
relationship with Ping An Group, which is its strategic partner,
most important customer and largest supplier; its ability to
compete effectively to serve China’s financial institutions; the
effectiveness of its technologies, its ability to maintain and
improve technology infrastructure and security measures; its
ability to protect its intellectual property and proprietary
rights; risks of defaults by borrowers under the loans for which
the Company provided credit enhancement under its legacy credit
management business; its ability to maintain or expand relationship
with its business partners and the failure of its partners to
perform in accordance with expectations; its ability to protect or
promote its brand and reputation; its ability to timely implement
and deploy its solutions; its ability to obtain additional capital
when desired; litigation and negative publicity surrounding China
-based companies listed in the U.S.; disruptions in the financial
markets and business and economic conditions; the Company’s ability
to pursue and achieve optimal results from acquisition or expansion
opportunities; the duration of the COVID-19 outbreak, including the
emergence of COVID variants, and its potential impact on the
Company’s business and financial performance; and assumptions
underlying or related to any of the foregoing. Further information
regarding these and other risks is included in the Company’s
filings with the SEC. All information provided in this press
release and in the attachments is as of the date of this press
release, and the Company undertakes no obligation to update any
forward-looking statement, except as required under applicable
law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220302006193/en/
Investor Relations: OCFT IR Team OCFT_IR@ocft.com
Media Relations: Amy Ding Dingjingmin787@ocft.com
OneConnect Financial Tec... (NYSE:OCFT)
Historical Stock Chart
From Aug 2024 to Sep 2024
OneConnect Financial Tec... (NYSE:OCFT)
Historical Stock Chart
From Sep 2023 to Sep 2024