YesAsia Holdings Limited has released a trio of governance proposals aimed at modernising its corporate framework and extending equity-based incentives, with all resolutions scheduled for shareholder votes on 18 June 2026.

The company will ask shareholders at its upcoming annual general meeting (AGM) to adopt a New Articles of Association. Key changes include enabling hybrid and fully electronic meetings with e-voting, updating provisions to align with Hong Kong’s treasury-share regime and paperless corporate-communication initiatives, and reflecting recent Listing Rule revisions on uncertificated securities. The New Articles would take effect immediately after shareholder approval at the AGM.

At an extraordinary general meeting (EGM) to be held immediately after the AGM, the board will seek approval to amend the Post-IPO Share Option Scheme. The overhaul aims to comply with the revised Chapter 17 of the Listing Rules and introduces three principal changes: 1. Expands eligible participants beyond “employee participants” to include “related entity participants” and “service providers”. 2. Lowers the overall scheme mandate limit from 10% of issued shares at listing to 5% of issued shares (excluding treasury shares) as of the amendment date. 3. Permits option settlement not only through new share issues but also by transferring treasury or existing shares.

To balance the broader participant base, a dedicated “service provider sub-limit” is proposed at 1% of issued shares outstanding on the amendment date.

Concurrently, YesAsia intends to refresh the scheme mandate limit to the new 5% ceiling. As at 24 April 2026, the company had 417.98 million shares outstanding. Outstanding options cover 35.26 million shares, or 8.40% of issued capital, leaving only 1.29 million shares available for new grants under the current limit. If the refresh is approved and the share count remains unchanged, the amended scheme would allow issuance of up to 20.90 million additional shares.

Both the option-scheme amendments and the mandate-limit refresh require: • Ordinary resolutions by shareholders at the 18 June 2026 EGM; and • Listing Committee approval for the listing and dealing in shares representing up to 5% of issued capital.

Circulars detailing the proposals and meeting notices will be dispatched to shareholders in due course.