CHINA HK POWER pushes back circular on loan-to-equity conversion, new dispatch deadline set for 30 April 2026

Bulletin Express03-31

China HK Power Smart Energy Group Limited announced a further delay in sending its shareholder circular regarding the proposed loan capitalisation connected transaction that will involve issuing new shares under a specific mandate.

The circular—originally expected on or before 26 March 2025 following the 5 March 2026 transaction announcement—will now be dispatched on or before 30 April 2026. Management cited the need for additional time to finalise information for inclusion.

The forthcoming document is expected to contain: 1. Full terms of the Loan Capitalisation Agreement and related transactions. 2. Recommendations from the Independent Board Committee to independent shareholders. 3. Advice from an Independent Financial Adviser. 4. Notice convening an extraordinary general meeting to approve the transaction.

No changes to the transaction terms have been disclosed in the delay notice. Chairman Dr. Kan Che Kin, Billy Albert signed the announcement dated 31 March 2026.

The board currently comprises three executive directors, two non-executive directors and three independent non-executive directors.

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