LEE & MAN PAPER has published a circular convening its annual general meeting for 29 April 2026 (12:00 noon, SPRG office, Admiralty Centre, Hong Kong). Key resolutions to be put to shareholders include:

• Capital mandates – Renewal of a 20% general mandate to issue up to 859.00 million new shares, with any shares repurchased to be added to the mandate. – Renewal of a 10% share-repurchase mandate covering up to 429.50 million shares. – Both percentages are calculated against the 4.30 billion shares in issue as at the latest practicable date, 16 March 2026. – Any cash placement under the issue mandate must not exceed a 20% discount to the benchmark price stipulated by the Hong Kong Listing Rules.

• Board composition – Re-election of Executive Directors Mr Lee Man Bun (Chief Executive Officer) and Mr Li King Wai Ross. – Separate resolution for the continued appointment of Independent Non-executive Director (INED) Mr Chau Shing Yim David, who has served since 2008. – Renewal of appointment letters (one-year terms ending no later than 31 May 2027) for INEDs Mr Chau, Ms Lo Wing Sze and Mr Chan Wai Yan Ronald. – Proposed annual remuneration: HK$18.00 million for Mr Lee, HK$5.00 million for Mr Li, HK$0.45 million for Mr Chau, and HK$0.30 million each for Ms Lo and Mr Chan.

• Financial matters – Adoption of the 2025 audited financial statements. – Declaration of a final dividend (amount to be determined at the AGM). – Reappointment of Deloitte Touche Tohmatsu as external auditor and authorisation for the board to fix its remuneration. – Authority for the board to set directors’ remuneration for 2026, with total bonuses capped at 10% of consolidated profit after tax.

• Shareholder logistics – Register of members will be closed from 24 April 2026 to 29 April 2026; shareholders must lodge transfers by 4:30 p.m. on 23 April 2026 to qualify for attendance and voting. – All AGM resolutions will be voted on by poll.

• Shareholding structure – Concert-party shareholders led by Dr Lee Wan Keung Patrick and family collectively hold 3.14 billion shares, or 73.18% of issued capital. Full exercise of the repurchase mandate would raise this interest to 81.31%, but the company states it will avoid breaching the public float requirement or triggering a mandatory offer under the Takeovers Code.

The board recommends that shareholders vote in favour of all proposed resolutions at the upcoming AGM.