Tongda Group Holdings Ltd. Announces Key Corporate Developments

Tongda Group Holdings Ltd., a prominent supplier of high-precision components for consumer electronic products, has recently announced several significant corporate developments. The company, listed on the Hong Kong Stock Exchange under the ticker 00698, specializes in In-Mold Labeling (IML) technology and serves customers in the People’s Republic of China. Tongda Group has established a strong presence in the production of handset, electrical appliance, and notebook computer casings and related products.

Corporate Communications and Shareholder Engagement

On May 9, 2025, Tongda Group issued a notification letter and reply form to its registered shareholders, as published on the Hong Kong Exchanges and Clearing Limited (HKEX) website. This communication is part of the company’s ongoing efforts to engage with its shareholders and keep them informed about significant corporate activities.

Introduction of New Share Option Scheme

In a move to enhance shareholder value and incentivize employees, Tongda Group has proposed the adoption of a new share option scheme. The details of this scheme, including the rules governing its implementation, were also published on the HKEX website. This initiative is aimed at aligning the interests of the employees with those of the shareholders, fostering a culture of ownership and long-term commitment.

Extraordinary General Meeting

To facilitate the adoption of the new share option scheme and discuss other strategic matters, Tongda Group has called for an extraordinary general meeting (EGM). The notice of this meeting was published on the HKEX website, inviting shareholders to participate in the decision-making process. The EGM is a critical platform for shareholders to voice their opinions and vote on the proposed initiatives.

Proxy Form Availability

In addition to the EGM, Tongda Group has made available a form of proxy for shareholders who are unable to attend the meeting in person. This ensures that all shareholders have the opportunity to exercise their voting rights, regardless of their ability to be physically present at the meeting.

Financial Overview

As of May 6, 2025, Tongda Group’s close price was HKD 0.074. The company’s stock has experienced fluctuations over the past year, with a 52-week high of HKD 0.15 on October 7, 2024, and a 52-week low of HKD 0.063 on April 7, 2025. The market capitalization of Tongda Group stands at approximately HKD 730,170,000.

These developments reflect Tongda Group’s commitment to transparency and shareholder engagement, as well as its strategic focus on growth and innovation in the electronic equipment and components industry.