[New Crown Pneumonia] HSBC said the epidemic spread, Hong Kong informal shareholders meeting postponed

Financial news

Written by: Zhang Weilun

2020-03-25 18:51

The pneumonia epidemic in Wuhan has had a negative impact on the operations of listed companies. HSBC Holdings (0005) announced that due to the rapid spread of the epidemic, the bank announced its decision to postpone the informal shareholders' meeting in Hong Kong until the situation is safe and permits to be held again.

HSBC said that the health of shareholders, employees and customers has always been a top priority. The Group Chairman and senior executives, including the Asia Pacific Chairman and Chief Executive Officer, are committed to communicating directly with shareholders. The bank announced to shareholders on March 11 that due to the epidemic and public health considerations, this year's informal shareholders' meeting will be held in the form of a live webcast.

However, due to the rapid spread of the epidemic, the Group Chairman and senior management were unable to co-host the webcast of the informal shareholders' meeting in Hong Kong.

Therefore, the bank decided to postpone the meeting until the situation was safe and permission was given to reconvene.

HSBC pointed out that this year's annual general meeting is scheduled to be held on April 24. During this period, please submit a proxy form as soon as possible so that the board of directors can manage the company's affairs on its behalf.

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