Results of 2025 Annual General Meeting

At the Annual General Meeting (AGM) held on November 27, 2025, shareholders of Hot Chili Limited (ASX:HCH) approved all resolutions put forth through a polling process. The meeting highlighted strong support for the company's leadership and strategic actions, reflecting confidence in its future direction.

Key outcomes revealed that the adoption of the Remuneration Report was agreed upon with 91.61% in favor, while new Board member elections saw Mr. Stuart Mathews and Mrs. Fiona Van Maanen receiving approvals of 93.13% and 93.10%, respectively. Ongoing governance was further emphasized with the re-elections of directors like Mr. Christian Easterday, who received 87.04% of votes, signaling continued backing for the company's management.

Special resolutions, including the approval of additional placement facilities, were also carried with notable support (83.43% favorable), showcasing shareholder readiness to empower the company’s capital structure. Additionally, various incentive plans for management received significant approval, with votes in favor exceeding 85% across several resolutions concerning performance rights and share grants.

A total of 13 resolutions were voted on, encompassing appointments, remuneration, and financing strategies. The increased voter participation and favorable outcomes demonstrate a robust shareholder alignment with Hot Chili's strategic vision. The company is poised to leverage this support to enhance operational initiatives and drive future growth.

Christian Easterday, Managing Director, along with company representatives, noted the positive reception to the proposals and expressed gratitude for shareholder trust. The outcomes reinforce the collaborative approach taken by the Board and management in steering Hot Chili towards its next phases of development and expansion in the mining sector.

The 2025 Annual General Meeting (AGM) results for Hot Chili Limited (ASX:HCH) demonstrate strong shareholder support across multiple resolutions, reflecting confidence in the company's governance and strategic direction. Notably, all resolutions were passed, indicating a unified shareholder base that backs the current leadership and its performance.

One significant highlight was the adoption of the remuneration report, which garnered approximately 91.61% approval. This strong backing may suggest that stakeholders are satisfied with management's alignment with shareholder interests, positioning the company favorably for future growth. Additionally, the election and re-election of directors, including the ongoing appointment of Managing Director Christian Easterday, received robust levels of support, with over 87% voting in favor—the lowest percentage yet still indicative of solid confidence in ongoing leadership.

The approval for the issue of shares and service rights under the Employee Incentive Plan, particularly for the Non-Executive Chair and executives, reflects a commitment to incentivizing performance, a positive sign for potential future gains. Notably, the resolutions concerning share issuance and employee incentives saw over 90% approval, which may indicate confidence in Hot Chili's future project pipeline and growth opportunities.

However, caution is warranted; the relatively lower percentages in some resolutions, such as the re-election of Mr. Mark Jamieson at 85.78%, could reflect underlying shareholder concerns that merit further attention from the board.

In conclusion, the AGM results portray a solid foundation for Hot Chili Limited, with clear paths for growth supported by shareholder trust. Investors should monitor leadership performance closely and consider any emerging concerns as crucial for maintaining shareholder alignment moving forward. Overall, maintaining a position in Hot Chili Limited appears favorable, backed by strong institutional and retail investor confidence.