Xingye Wulian Schedules 5 June 2026 AGM, Proposes 20% Issuance Mandate, 10% Buyback Limit, Director Re-elections and Auditor Reappointment

Bulletin Express
Apr 20

Xingye Wulian Service Group Co. Ltd. has issued a notice convening its Annual General Meeting (AGM) for 10:00 a.m. on 5 June 2026 at Room 105, No. 1 Gangwan Road, Guancheng District, Zhengzhou, Henan Province, China.

Key items on the agenda:

1. Financial Statements • Shareholders will be asked to receive and adopt the audited consolidated financial statements, the directors’ report and the auditors’ report for the year ended 31 December 2025.

2. Board Composition • Re-election of three retiring directors: – Qiu Ming (Executive Director) – Liu Zhenqiang (Non-executive Director) – Xu Chun (Independent Non-executive Director) • The Board will be authorised to fix directors’ remuneration.

3. Auditor • Forvis Mazars CPA Limited is nominated for reappointment as external auditor, with the Board authorised to set the audit fee.

4. General Mandate to Issue Shares • Directors seek authority to allot, issue or deal with additional shares and related securities up to 20% of the company’s issued share capital on the AGM date. • The mandate also allows an extension—equivalent to the number of shares repurchased under the buyback mandate (up to 10% of issued shares)—if a separate ordinary resolution is passed.

5. Share Buyback Mandate • Directors seek approval to repurchase up to 10% of issued shares on the Stock Exchange of Hong Kong or other recognised exchanges, subject to Listing Rules and Cayman Islands law.

6. Extension of Issuance Mandate • Conditional on passing both the issuance and buyback mandates, directors may extend the 20% issuance limit by the actual number of shares repurchased, capping the combined limit at 30%.

Administrative Information:

• Proxy forms must be lodged with Tricor Investor Services Limited by 10:00 a.m. on 3 June 2026. • The register of members will be closed from 1 June 2026 to 5 June 2026 (both dates inclusive); share transfers must be registered by 4:30 p.m. on 29 May 2026 to qualify for AGM attendance and voting. • AGM proceedings will be conducted in Chinese.

Board Composition at Notice Date: one executive director (Qiu Ming), three non-executive directors (Zhang Huiqi, Wang Jinhu, Liu Zhenqiang) and three independent non-executive directors (Xu Chun, Feng Zhidong, Zhou Sheng).

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