Press releases

Hong Kong, 1 June 2017 — Li & Fung Limited (“Li & Fung,” “the Group,” or “the Company;” SEHK: 494), the world’s leader in consumer goods design, development, sourcing and logistics, today held its Annual General Meeting in Hong Kong. During the meeting, all shareholder resolutions were approved and adopted.

The shareholders received and adopted the Audited Consolidated Financial Statements and the Reports of the Directors and the Auditor for the year ended 31 December 2016. In addition, the declaration of a final dividend of 12 HK cents per share for the year ended 31 December 2016, as announced on 29 March 2017, was approved.

The shareholders also re-elected William Fung, Martin Tang and Marc Compagnon to the Board of Directors, and re-appointed PricewaterhouseCoopers (PwC) as Auditor and authorized the Board of Directors to fix PwC’s remuneration.

Lastly, consistent with approved resolutions last year, a general mandate has been given authorizing the Directors to repurchase up to 10% of the shares of the Company in issue, and another general mandate authorizing the Directors to issue additional shares of the Company representing up to 10% of the shares in issue at a price of not exceeding 10% discount.

For more information, please refer to the notice of Annual General Meeting that was published on 28 April 2017 and our recently published 2016 Annual Report.