New City Development Group Limited (0456) held an extraordinary general meeting (EGM) on 4 December 2025, during which a resolution to increase the authorized share capital was proposed and approved. The total number of issued ordinary shares at the time stood at 186,579,885, and no shareholders were required to abstain from voting.

The poll results showed that 101,591,880 votes (approximately 99.9997%) were cast in favor of the resolution, while 255 votes (approximately 0.0003%) were cast against. As more than half of the votes supported the proposal, it was declared duly passed as an ordinary resolution of the company. Union Registrars Limited was appointed as scrutineer for the poll at the EGM.

In terms of attendance, an executive director and an independent non-executive director were present in person, while certain other directors were unable to attend due to business commitments. The resolution's successful passage concludes the procedure for increasing the authorized share capital of New City Development Group Limited.