Lygend Resources Sets 22 May 2026 AGM; Proposes RMB0.60 Dividend, RMB40.66 Billion Bank Lines and 10% H-Share Buyback Mandate

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Lygend Resources & Technology Co., Ltd. will hold its 2025 annual general meeting (AGM) on 22 May 2026 in Ningbo. Key proposals are as follows:

Dividend & Earnings • 2025 net profit attributable to shareholders: RMB2.86 billion. • Final cash dividend: RMB0.60 per share (before tax), payable around 18 June 2026 to shareholders on record as of 3 June 2026.

Audit & Governance • Re-appointment of Ernst & Young Hua Ming LLP and Ernst & Young as auditors for 2026. • Director remuneration for 2026: RMB300,000 for each non-executive and independent director; executive directors remunerated via existing management contracts. • Purchase of directors’ and senior management liability insurance: coverage up to RMB100 million, annual premium RMB0.50 million.

Capital Management • General mandate to repurchase up to 10% of outstanding H-shares; repurchased shares may be cancelled, held as treasury stock or used for equity incentives. • Bank credit-line applications for 2026: aggregate cap of RMB40.66 billion (or foreign-currency equivalent). • New intra-group guarantee quotas for 2026: – Company to subsidiaries: up to RMB11.86 billion – Subsidiaries to Company: up to RMB12.59 billion – Subsidiaries to subsidiaries: up to RMB10.11 billion Total potential new guarantees: RMB34.55 billion. • Additional guarantee cap of RMB1.36 billion for associated company Contemporary Brunp Lygend (CBL).

Equity & Listing Plans • Extension of the validity period for the planned A-share IPO on the Shenzhen Stock Exchange main board, along with continued authorization for the board to manage all related matters.

Related-Party Transactions • Confirmation of 2025 related-party transactions, including RMB11.90 billion of purchases and RMB2.03 billion of sales involving Indonesian partners, and receipt of RMB10.61 billion of guarantees from PT Harita Jayaraya and PT Trimegah Bangun Persada.

Shareholders will vote on all resolutions at the AGM; closure periods for H-share transfer are 19–22 May 2026 (meeting eligibility) and 29 May–3 June 2026 (dividend eligibility).

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