REFIRE to Seek Shareholder Approval for 10.00 Million-Warrant Deal with Macquarie Bank at June 2026 EGM

Bulletin Express05-21

Shanghai REFIRE Group Limited (REFIRE) has circulated a proxy form for its 2026 first extraordinary general meeting (EGM), scheduled for 10:00 a.m. on 11 June 2026 at 2/F, Unit 1, No. 655 Jinyuanyi Road, Jiading District, Shanghai.

The single special resolution to be tabled seeks shareholder authorisation for a Subscription Agreement signed on 21 May 2026 with Macquarie Bank Limited. Key terms include:

• Issuance of 10.00 million warrants, each conferring the right to subscribe for one new share in REFIRE. • Allotment of up to 10.00 million new shares upon exercise of the warrants at an exercise price subject to standard adjustments. • Granting a specific mandate to the Board to execute the warrant issuance and allotment, and to handle all ancillary documentation, amendments or waivers necessary to implement the transaction.

H-shareholders must lodge proxy forms with Computershare Hong Kong Investor Services Limited, while domestic-shareholders should submit to the company’s registered office; both deadlines fall at 10:00 a.m. on 10 June 2026 (24 hours before the meeting).

Votes can be cast “For,” “Against,” or “Abstain” on each sub-item of the resolution, and joint shareholders’ votes will be determined by seniority on the register. Attendance requires proof of identity.

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