London Daily

Focus on the big picture.
Tuesday, Oct 07, 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
Australia Orders X to Block Murder Videos, Citing Online Safety and Public Exposure
Three Scientists Awarded Nobel Prize in Medicine for Discovery of Immune Self-Tolerance Mechanism
OpenAI and AMD Forge Landmark AI-Chip Alliance with Equity Option
Munich Airport Reopens After Second Drone Shutdown
France Names New Government Amid Political Crisis
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
Surge of U.S. Billionaires Transforms London’s Peninsula Apartments into Ultra-Luxury Stronghold
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Jeff Bezos Calls AI Surge a ‘Good’ Bubble, Urges Focus on Lasting Innovation
Japan’s Ruling Party Chooses Sanae Takaichi, Clearing Path to First Female Prime Minister
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Taylor Swift’s ‘Showgirl’ Launch Extends Billion-Dollar Empire
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
Speed Takes Over: How Drive-Through Coffee Chains Are Rewriting U.S. Coffee Culture
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Ringo Starr Champions Enduring Beatles Legacy While Debuting Las Vegas Art Show
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
FBI Removes Agents Who Kneeled at 2020 Protest, Citing Breach of Professional Conduct
Trump Alleges ‘Triple Sabotage’ at United Nations After Escalator and Teleprompter Failures
Shock in France: 5 Years in Prison for Former President Nicolas Sarkozy
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
BNP Paribas Abandons Ban on 'Controversial Weapons' Financing Amid Europe’s Defence Push
Typhoon Ragasa Leaves Trail of Destruction Across East Asia Before Making Landfall in China
The Personality Rights Challenge in India’s AI Era
Big Banks Rebuild in Hong Kong as Deal Volume Surges
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Arnault Denounces Proposed Wealth Tax as Threat to French Economy
Study Finds No Safe Level of Alcohol for Dementia Risk
Denmark Investigates Drone Incursion, Does Not Rule Out Russian Involvement
Lilly CEO Warns UK Is ‘Worst Country in Europe’ for Drug Prices, Pulls Back Investment
×