Lemo Services Calls 18 May AGM, Proposes RMB0.506 Dividend, Abolishes Supervisory Committee and Seeks New Share Mandates

• Lemo Services has scheduled its 2026 annual general meeting for 10:00 a.m., 18 May 2026, to be held onsite in Fuzhou and online via the eVoting Portal. • 2025 Financials & Dividend: – Revenue rose 13.6% to RMB906.78 million; net profit increased 9.2% to RMB93.73 million. – Board recommends a final dividend of RMB0.506 per share (about HK$0.55), totalling RMB28.12 million, payable on or about 15 June 2026. • Governance Overhaul: – Articles of Association to be amended to abolish the Supervisory Committee; its duties shift to the Audit Committee. – Board to expand from eight to nine members, adding one employee director. • Capital Management: – General mandates sought to issue up to 20% of issued share capital (about 11.11 million shares) and to repurchase up to 10% of issued H shares. – Company will pursue full circulation of 32.33 million unlisted shares, allowing them to be converted into H shares for trading in Hong Kong. • Continuing Connected Transactions (CCTs): 1) Fujian Rovos – New Manufacturing Framework: annual caps set at RMB75.00 million (2026), RMB40.00 million (2027), RMB20.00 million (2028). – New Cooperation Framework (Thailand POS): RMB30.00 million, RMB20.00 million, RMB35.00 million respectively. – New R&D Framework: RMB2.70 million per year for 2026-2028. 2) Shanghai Maoyihui – Mechanical Massage Service Agreement caps: RMB9.00 million (2026), RMB32.40 million (2027), RMB61.20 million (2028). – Independent shareholders will vote on all CCTs; non-executive director and substantial shareholder Wu Jinghua will abstain on Fujian Rovos items; executive director Chen Xing will abstain on Shanghai Maoyihui item. • Other AGM Items: – Re-appointment of KPMG as external auditor. – Authorisation for the Board to fix directors’ remuneration. – Proposed amendments to meeting rules for shareholders and directors to align with the updated Articles. Proxy forms must be lodged no later than 10:00 a.m., 17 May 2026. Shareholders recorded on 18 May 2026 may vote; those on 28 May 2026 will qualify for the 2025 dividend.