HKEX Publishes Conclusions On Further Paperless Listing Reforms

On 24 January 2025, The Stock Exchange of Hong Kong Limited (the "Exchange") released consultation conclusions on its further proposals to expand the paperless listing regime and other rule amendments. The reform demonstrates the Exchange's commitment in promoting environmentally sustainable securities market by allowing listed issuers to adopt digital communications in a flexible way while further reducing the impact on the environment.

One of the amendments is to require listed issuers to ensure that their constitutional documents would enable them to hold hybrid general meetings and provide electronic voting, to the extent permitted by the laws and regulations applicable to them (the "Amendment"). In this regard, listed issuers may need to amend their constitutional documents for the purpose of the requirement, subject to approval by shareholders. The amendments for constitutional documents include: (a) to remove any provision in their constitutional documents