London Daily

Focus on the big picture.
Thursday, Jul 03, 2025

Zoom success inspires Tricor’s digital platform for listed companies to conduct AGMs online amid Covid-19

Hong Kong-based Tricor’s platform allows shareholders of listed companies to view the live broadcast of AGMs, participate in voting and submit questions virtually. Companies registered in jurisdictions that require physical meetings may have to amend regulations to hold online AGMs

Hong Kong-based corporate services provider Tricor Group has launched an online platform for listed companies to safely hold general meetings virtually amid the Covid-19 pandemic, hoping it takes off in the same way as the Zoom videoconferencing software.

Tricor’s “SPOT” electronic meeting system allows shareholders of listed companies in Hong Kong to view the live broadcast of the general meeting, participate in voting and submit questions without being physically present at the venue.

“The digitalisation of AGMs [annual general meetings] is an unstoppable trend,” said Joe Wan, CEO of Tricor Hong Kong on Wednesday. “With proper education and proper technology, this will become the norm over the next few years. Covid-19 has changed the behavioural patterns of many people.

“Although Zoom is very convenient, shareholders can’t exercise their right to vote [virtually]”, he added.

The digital platform has been developed in collaboration with technology giant Microsoft, video technology company TFI Digital Media, City University of Hong Kong and telecommunications and internet services provider 3 Hong Kong.

Shareholders can virtually attend the AGM through a designated hyperlink or by scanning a QR code. They can then use their individual username and password to log on to the system to view the live streaming of the meeting, type out and submit questions on the platform, and vote using the interface, said Wan.

Up to 10,000 users can vote at the same time, he added.

The idea for the project had been conceived at the end of last year to allow more shareholders to participate and vote in company AGMs, especially those situated overseas, according to Wan.

There were many video conferencing platforms out there, but they did not allow shareholders to vote, he said. “We wanted to encourage shareholders’ participation by providing a streaming platform where they can safely and securely vote” in general meetings, said Wan.

But with the outbreak of Covid-19, the company decided to speed up the development of the platform and managed to launch their product half a year earlier than planned.

Since their soft launch in May, some 20 companies have used SPOT to hold general meetings, including Lenovo, which conducted their AGM last Thursday using the platform.

“The live broadcast option can broaden the reach of the AGM to shareholders who do not wish to attend physically due to concerns on attending events under the current Covid-19 situation, or for other overseas shareholders who are unable to attend in person,” Lenovo said in an exchange filing late last month.

However, Wan said that there were legal obstacles for certain companies to adopt their product, particularly those registered in jurisdictions which require physical meetings.

“Many Hong Kong-listed companies [are registered] in Bermuda, British Virgin Islands, Cayman Islands, in Hong Kong or other places,” said Wan. “Some jurisdictions require physical meetings, so companies may need to amend their articles of association and regulations to allow shareholders to take part in meetings using electronic means.”

According to a joint statement by bourse operator Hong Kong Exchanges and Clearing and regulator Securities and Futures Commission in April, listing rules “do not impose a requirement as such on the format of general meetings.” However, “listed issuers are reminded to comply with applicable laws of their jurisdictions of incorporation and their constitutional documents”.

Newsletter

Related Articles

0:00
0:00
Close
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
Poland Implements Border Checks Amid Growing Migration Tensions
Political Dispute Escalates Between Trump and Musk
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
US Senate Votes to Remove AI Regulation Moratorium from Domestic Policy Bill
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
Jury Deliberations in Diddy Trial Yield Partial Verdict in Serious Criminal Charges
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
King Charles Plans Significant Role for Prince Harry in Coronation
Two Chinese Nationals Arrested for Espionage Activities Against U.S. Navy
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
Trump Administration Considers Withdrawal of Funding for Hospitals Providing Gender Treatment to Minors
Texas Enacts Law Allowing Gold and Silver Transactions
China Unveils Miniature Insect-Like Surveillance Drone
OpenAI Secures Multimillion-Dollar AI Contracts with Pentagon, India, and Grab
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Elon Musk Critiques Senate Budget Proposal Over Job Losses and Strategic Risks
Los Angeles Riots ended with Federal Investigations into Funding
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Education Secretary Announces Overhaul of Complaints System Amid Rising Parental Grievances
Massive Anti-Government Protests Erupt in Belgrade
Trump Ends Trade Talks with Canada Over Digital Services Tax
UK Government Softens Welfare Reform Plans Amid Labour Party Rebellion
Labour Faces Rebellion Over Disability Benefit Reforms Ahead of Key Vote
Jeff Bezos and Lauren Sánchez Host Lavish Wedding in Venice Amid Protests
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
North Korea to Open New Beach Resort to Boost Tourism Economy
UK Labour Party Faces Internal Tensions Over Welfare Reforms
Andrew Cuomo Hints at Potential November Comeback Amid Democratic Primary Results
Curtis Sliwa Champions His Vision for New York City Amid Rising Crime Concerns
Federal Reserve Proposes Changes to Capital Rule Affecting Major Banks
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Trump Escalates Criticism of Media Over Iran Strike Coverage
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
Big Four Accounting Firms Fined in Exam Cheating Scandal
NATO Members Agree to 5% Defense Spending Target by 2035
Australia's Star Casino Secures $195 Million Rescue Package Amid Challenges
UK to Enhance Nuclear Capabilities with Acquisition of F-35A Fighter Jets
×