Many listed issuers have stated in their bye-laws that the number of proxies that may be appointed by a shareholder to attend on the same occasion is limited to two. However, with the implementation of the new Companies Ordinance in 2014, companies incorporated in Hong Kong could no longer impose a cap on the number of proxies appointed by a shareholder. https://www.cr.gov.hk/en/companies_ordinance/docs/briefingnotes_part12-e.pdf