BLOKS: AGM on 9 June to Authorise 20% Share Issuance, 10% Buy-back and Re-elect Three INEDs

Bloks Group Limited (BLOKS) has issued a circular convening its Annual General Meeting (AGM) for 9 June 2026 at 14:00 in Shanghai. Shareholders will vote on four principal items: renewal of issuance and buy-back mandates, re-election of three independent non-executive directors (INEDs), and re-appointment of the external auditor.

Key proposals 1. General Mandate to Issue Shares • Directors seek authority to issue or resell up to 49.71 million new or treasury shares, equivalent to 20% of the company’s issued share capital of 248.55 million shares (excluding treasury shares) as at 24 April 2026. • An additional extension of up to 10%—the number of shares repurchased under the new buy-back mandate—may be added to the issuance limit if resolutions 4(B) and 4(C) are approved.

2. Share Repurchase Mandate • Board requests authority to repurchase up to 24.85 million shares, representing 10% of the current issued share capital (excluding treasury shares). • Full utilisation would raise the controlling shareholder Zhu Weisong’s voting stake from 48.06% to 53.40%, potentially triggering an obligation to make a mandatory offer under Hong Kong’s Takeovers Code; management states it has no present intention to buy back shares to such an extent. • Over the six months to 24 April 2026, BLOKS repurchased 258,600 shares on the market at prices between HKD 65.50 and HKD 110.00.

3. Board Composition • INEDs Gao Pingyang, Huang Rong and Shang Jian will retire by rotation and offer themselves for re-election. Each currently receives annual directors’ fees of HKD 0.30 million. • All three possess extensive academic and financial-market experience; Shang Jian fulfils the Listing Rules requirement for accounting or related financial expertise on the Board.

4. Auditor • Ernst & Young, auditor for the year ended 31 December 2025, is nominated for re-appointment until the next AGM.

Logistical details • Shareholders must lodge transfer documents by 16:30 on 3 June 2026; the register of members will be closed from 4 June to 9 June 2026. • Proxy forms must be submitted to Computershare Hong Kong Investor Services by 7 June 2026 at 14:00 to be valid.

No forward-looking financial projections or guidance were provided in the circular.