Summary by Moomoo AI
Cathay Pacific Airlines Limited will hold its Annual General Meeting on 8 May 2024 to review the Board's reports and audited financial statements for the year ended 31 December 2023. In addition, shareholders will vote on whether to renew the auditor and authorize the Board to determine their remuneration. Ordinary resolutions will also be adopted at the meeting, including approval of the Board's general mandate to repurchase shares and issue additional shares, and to elect or re-elect directors. The soon-to-retire directors Shen Bejia and Wang Mingyuan will be nominated for consecutive terms. The Notice of the Annual General Meeting was issued on 9 April 2024 reminding shareholders to complete the proxy form as directed. The Company has not repurchased shares in the past six months and the Board believes that the repurchase will be in the best interests of the Company and its shareholders, but will not significantly adversely affect the Company's working capital or capital liabilities situation.