Kinetic Development Schedules 20 May 2026 EGM to Approve Supplemental, Settlement and Debt Agreements

Bulletin Express04-21

Kinetic Development Group Limited will convene an Extraordinary General Meeting (EGM) at 18/F, 80 Gloucester Road, Wan Chai, Hong Kong on Wednesday, 20 May 2026 at 3:30 p.m.

Key matters to be tabled as ordinary resolutions include:

1. Transaction Agreements • Sixth Supplemental Agreement dated 4 December 2025 involving Qingdao Shilu Ocean Big Data Investment Development, Zhongshan Shidi Real Estate Development, Kinetic (Qinhuangdao) Energy Group, Shanxi Kinetic Yingtong Real Estate Development and Zunyi Shidi Real Estate Development. • Share Transfer Agreement dated 4 December 2025 between Zunyi Shidi Real Estate Development and Shanxi Kinetic Yingtong Real Estate Development. • Intention Fee and Payment Agreement dated 20 April 2026 among Taiyuan Seedland, Zunyi Seedland and Kinetic (Qinhuangdao) Energy Group. • New Settlement Agreement to be entered into among JIC Trust, Taiyuan Seedland, Zunyi Seedland, Seedland and Shanxi Kinetic Yingtong Real Estate Development. Directors will seek authority to execute and implement all related documents.

2. Debt Resolutions • Debt Settlement Contract dated 4 December 2025 among Seedland, Guangdong Seedland Property Management, Beijing Seedland Qushi Real Estate Development and Kinetic (Qinhuangdao) Energy Group. • 2026 Debt Settlement Contract dated 20 April 2026 among Seedland, Guangdong Seedland Property Management, Kinetic (Qinhuangdao) Energy Group, Shanxi Kinetic Yingtong Real Estate Development and Beijing Seedland Qushi Real Estate Development. Directors will also request authority to finalise and action these contracts.

Shareholder Logistics • Proxy forms must reach Computershare Hong Kong Investor Services no later than 48 hours before the meeting. • The share register will close from 15 May 2026 to 20 May 2026, and transfers must be lodged by 4:30 p.m. on 14 May 2026 to qualify for attendance and voting. • Shareholders are encouraged to appoint the EGM chairman as proxy if they prefer not to attend in person.

Board Composition As of the notice date, the board comprises three executive directors, one non-executive director and three independent non-executive directors, chaired by Mr. Ju Wenzhong.

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