Laekna Outlines 2026 AGM Agenda: New Share Mandates, Director RSU Grants and Auditor Re-appointment

Bulletin Express05-14

Laekna, Inc. has released its 2026 AGM circular detailing a series of resolutions that shareholders will vote on 5 June 2026 in Shanghai.

Key proposals

1. Capital mandates • Issue & Resell Mandate: Directors seek authority to allot, issue or resell up to 20% of issued share capital, equal to 89.87 million shares (based on 449.33 million shares in issue as at 12 May 2026, with no treasury shares outstanding). • Repurchase Mandate: Authorisation to repurchase up to 10% of issued shares, or 44.93 million shares. • Extension Mandate: Any shares repurchased may be added to the Issue & Resell limit, potentially expanding issuance capacity by a further 10%.

2. Board composition • Executive Directors Dr Lu Chris Xiangyang (Chairman & CEO) and Ms Xie Ling, together with Independent Non-executive Director Dr Li Min, stand for re-election. • The Nomination Committee confirms that Dr Li remains independent under Rule 3.13 of the HKEX Listing Rules.

3. Equity incentives • Conditional grant of 7.65 million restricted share units (RSUs) under the 2024 Share Award Scheme: 2.55 million RSUs each to Dr Lu, Ms Xie and Dr Gu Xiang-Ju. • Vesting: 25% annually over four years beginning 8 May 2026; no performance targets. • Claw-back clause applies for misconduct or other specified events. • Post-grant, 1.31 million shares remain available under the 2024 scheme. • Each grant exceeds 0.10% of issued shares; therefore, approval by independent shareholders is required. The three grantees and their associates (collectively holding 13.03% of issued shares) must abstain from voting on their respective grants.

4. Auditor • Proposal to re-appoint KPMG for the year ending 31 December 2026, with an expected audit and related services fee not exceeding RMB 3.15 million.

5. Meeting logistics • AGM: 5 June 2026, 9:00 a.m., 5F, 987 Cailun Road, Pudong, Shanghai. • Register of members closes 2–5 June 2026; record date 5 June 2026. Transfers must be lodged by 4:30 p.m. on 1 June 2026.

Capital structure snapshot (as at 12 May 2026) • Shares in issue: 449.33 million • Treasury shares: nil

The board recommends shareholders vote in favour of all proposed resolutions, citing alignment with corporate strategy and shareholder interests.

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