Alliance International Education Leasing Announces Director Changes, Auditor Switch and New Share Mandates Ahead of 2026 AGM

Alliance International Education Leasing Holdings Limited will convene its 2026 annual general meeting (AGM) on 27 August 2026 in Shenzhen to seek shareholder approval on several key matters:

1. Board Composition • Re-election: Executive directors Li Luqiang (Chairman & CEO), Liu Zhenjiang and Liu Meina will stand for re-election. • Retirements: Executive director Yuen Kin Shan and independent non-executive director Xing Li will retire and not seek re-election. Yuen will remain chief financial officer, company secretary and authorised representative. • Governance review: The Nomination Committee has endorsed the proposed re-elections after evaluating the candidates’ experience, time commitment and diversity contribution.

2. Auditor Replacement • Current auditor SHINEWING (HK) CPA Limited will retire at the AGM. • The Board and Audit Committee propose appointing KTC Partners CPA Limited, citing improved audit efficiency and a lower annual fee. • Competitive tender findings: SHINEWING’s quotation ranged from HK$1.40 million to HK$1.50 million versus KTC’s HK$1.20 million, compared with HK$1.30 million paid to SHINEWING for FY 2025/26.

3. Share Issuance and Repurchase Mandates • Issue Mandate: Directors may allot, issue or transfer up to 20% of issued shares, equivalent to 338.18 million shares, based on the 1.69 billion shares outstanding as of 29 July 2026. • Repurchase Mandate: Authority to buy back up to 10% of issued shares, or 169.09 million shares. • Extension: The issue mandate can be enlarged by the number of shares actually repurchased. • Compliance safeguards: Any buy-backs will observe the Hong Kong Listing Rules, Cayman Islands law and the company’s articles. Full utilisation of the repurchase mandate would raise the voting stake of the controlling shareholders (Union Capital Pte. Ltd. and Sui Yongqing) from 45.45% to 50.49%, potentially triggering a Takeovers Code obligation.

4. Logistics • Shareholders’ register closes 24–27 August 2026; only holders on record by 21 August 2026 (4:30 p.m.) may attend and vote. • Proxy forms must reach Tricor Investor Services by 10:30 a.m. on 25 August 2026.

These resolutions aim to refresh corporate authorities, streamline audit services and reinforce Board oversight as the company enters the new financial year.