Tricor to launch virtual general meeting system

Tricor Hong Kong has formed a partnership with 3 Hong Kong, City University of Hong Kong, Microsoft Hong Kong and TFI Digital Media to explore innovative and capable solutions to enhance investor relations, giving a strong boost to the innovation-led growth of Hong Kong’s financial sector.

The collaboration will see the birth of SPOT, a full-function platform that enables electronic general meetings. The platform allows members to vote, post questions to management and view a live-stream of a meeting online without being at a meeting venue. It combines traditional in-room general meetings with virtual meeting setups in parallel. Operating on a secure and dedicated network to ensure reliable services, the platform allows meetings both all-online and in hybrid form. Various proxy features are available including alternative proxies, multiple proxies, and proxy voting receipts issued for each proxy for record-keeping.

Meetings conducted through SPOT are scalable, which has the potential to help companies save costs, reduce time and effort on administration, and enhance member engagement and transparency.

“SPOT is the first step to fundamentally change the dynamics of investor engagement in Hong Kong. The system has been receiving applause and recognition from clients since its launch. This partnership is a landmark in revolutionising the traditional model while remaining fully in sync with the government’s vision in creating a smart city and a new era of investor relations," said Joe Wan, CEO of Tricor Hong Kong. 

SPOT is also capable of complying with and observing all the requirements of HKEX's listing rules and statutory regulations, integrating the register of members, and providing voting forms and proxy forms in the same format and details as published by the issuer on HKEX website for investors’ ease of use, to name a few.

"As a leading 5G operator flourishing into a digital operator, we are delighted to be a strong technology member of this strategic partnership,” said Kenny Koo, executive director and CEO of Hutchison Telecommunications Hong Kong.

“Our newly launched 5G LIVE Up broadcasting solution and other customised 5G solutions will go a long way towards pioneering the new end-to-end digital annual general meeting solution and transforming conventional investor relations. The deployment of 5G applications will also help accelerate Hong Kong’s development as a world-class smart city,” he added.

In the next phase, the parties involved in this collaboration will explore and develop more advanced and capable solutions to enhance investor relations and enable a more seamless voting process. The collaboration also aims to contribute to developing Hong Kong’s smart city position by nurturing a strong tech talent pool.

Related articles

DBS Hong Kong partners with Financio, providing clients with finance automation

HKEX celebrates 20th anniversary with virtual campaign

HKEX conducts first virtual listing ceremony in response to COVID-19 social restrictions