Hongcheng Environmental Technology Successfully Passes AGM Resolutions

Overview of the Annual General Meeting

Hongcheng Environmental Technology Co., Ltd. (HK:2265) announced the successful passing of all resolutions proposed at its Annual General Meeting (AGM) held on 26 June 2025. The resolutions were passed by poll, demonstrating strong shareholder support and positioning the company for continued strategic growth aligned with sustainable development principles.

Key Resolutions Passed

1. Re-election of executive directors to strengthen leadership and governance.
2. Authorization for the board to determine directors’ remuneration, ensuring fair and transparent compensation.
3. Re-appointment of PricewaterhouseCoopers as the company’s auditors, maintaining high standards of financial accountability.
4. Granting of mandates to directors for share allotment and repurchase, providing flexibility to manage capital structure effectively.

Commitment to Sustainable Development Goals (SDGs)

Hongcheng Environmental Technology’s operations and strategic initiatives strongly support several United Nations Sustainable Development Goals, including:

• SDG 9: Industry, Innovation, and Infrastructure – Through innovative environmental technology solutions, the company promotes sustainable industrialization and fosters innovation.
• SDG 12: Responsible Consumption and Production – By advancing environmental technologies, Hongcheng contributes to sustainable management and efficient use of natural resources.
• SDG 13: Climate Action – The company’s focus on environmental challenges aligns with efforts to combat climate change and its impacts.
• SDG 17: Partnerships for the Goals – The AGM resolutions empower leadership to engage in partnerships and initiatives that further sustainable development objectives.

Company Profile

Hongcheng Environmental Technology Co., Ltd., incorporated in the Cayman Islands, specializes in environmental technology solutions. The company is dedicated to addressing environmental challenges through innovative technologies and services, contributing to a sustainable future.

Market Information

• Average Trading Volume: 724,916 shares
• Technical Sentiment Signal: Buy
• Current Market Capitalization: HK$1.08 billion

Further Information

For more detailed insights into Hongcheng Environmental Technology’s stock performance and analysis, visit the TipRanks Stock Analysis page.

1. Sustainable Development Goals (SDGs) Addressed or Connected

1. SDG 9: Industry, Innovation and Infrastructure
   • The article highlights Hongcheng Environmental Technology Co., Ltd., a company focused on environmental technology solutions, indicating a connection to innovation and infrastructure development.
2. SDG 12: Responsible Consumption and Production
   • The company’s focus on environmental technology solutions implies efforts toward sustainable industrial processes and responsible production.
3. SDG 13: Climate Action
   • By addressing environmental challenges through innovative technologies, the company contributes to climate action efforts.
4. SDG 17: Partnerships for the Goals
   • The successful passing of AGM resolutions and shareholder support reflects governance and partnerships that enable sustainable development initiatives.

2. Specific Targets Under Those SDGs Identified

1. SDG 9 Targets
   • 9.5: Enhance scientific research, upgrade the technological capabilities of industrial sectors, particularly in developing countries.
2. SDG 12 Targets
   • 12.4: Achieve environmentally sound management of chemicals and all wastes throughout their life cycle.
   • 12.5: Substantially reduce waste generation through prevention, reduction, recycling, and reuse.
3. SDG 13 Targets
   • 13.1: Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters.
   • 13.3: Improve education, awareness-raising and human and institutional capacity on climate change mitigation, adaptation, impact reduction, and early warning.
4. SDG 17 Targets
   • 17.16: Enhance the global partnership for sustainable development, complemented by multi-stakeholder partnerships.
   • 17.17: Encourage and promote effective public, public-private and civil society partnerships.

3. Indicators Mentioned or Implied to Measure Progress

1. Indicators Related to SDG 9
   • 9.5.1: Research and development expenditure as a proportion of GDP.
   • 9.5.2: Number of researchers per million inhabitants.
2. Indicators Related to SDG 12
   • 12.4.2: Hazardous waste generated per capita and proportion of hazardous waste treated, by type of treatment.
   • 12.5.1: National recycling rate, tons of material recycled.
3. Indicators Related to SDG 13
   • 13.1.1: Number of deaths, missing persons and directly affected persons attributed to disasters per 100,000 population.
   • 13.3.1: Number of countries that have integrated mitigation, adaptation, impact reduction and early warning into primary, secondary and tertiary curricula.
4. Indicators Related to SDG 17
   • 17.16.1: Number of countries reporting progress in multi-stakeholder development effectiveness monitoring frameworks.
   • 17.17.1: Amount of United States dollars committed to public-private partnerships.

4. Table: SDGs, Targets and Indicators

Source: tipranks.com