Chen Xing Development Issues AGM Notice; Seeks 20% Share Issuance Mandate, 10% Buy-back Limit and Charter Upgrade

Chen Xing Development Holdings Limited has scheduled its 2026 annual general meeting for 10:00 a.m. on 29 May 2026 at the company’s headquarters in Jinzhong, Shanxi Province, China. Key items on the agenda are outlined below.

1. Financial Statements Shareholders will vote on receiving and adopting the audited consolidated financial statements for the financial year ended 31 December 2025, together with the directors’ and independent auditor’s reports.

2. Board Composition and Remuneration • Re-election of three retiring directors: Executive Directors Mr. Bai Wukui and Mr. Bai Guohua, and Independent Non-executive Director Mr. Qiu Yongqing. • Authorisation for the board to determine directors’ remuneration.

3. Auditor Re-appointment BDO Limited is nominated to continue as external auditor until the conclusion of the next AGM, with the board authorised to fix its fees.

4. Capital Mandates A. General Issuance Mandate – Directors seek authority to allot, issue or deal with additional shares and related securities up to 20 % of the company’s issued share capital (excluding treasury shares) during the mandate period. B. Share Buy-back Mandate – Approval sought to repurchase shares on recognised exchanges up to a maximum of 10 % of issued share capital (excluding treasury shares). C. Extension Mandate – Conditional on passing the above two mandates, the share issuance limit would be extended by the number of shares actually repurchased, effectively permitting an additional 10 % capacity.

5. Charter Amendments Shareholders will consider a special resolution to adopt a Third Amended and Restated Memorandum and Articles of Association, incorporating all proposed updates detailed in the company’s 30 April 2026 circular. Authorisation is also sought for directors, the company secretary or the registered office provider to handle all related filings in Hong Kong and the Cayman Islands.

Administrative Notes • The register of members will be closed from 26 May 2026 to 29 May 2026 (both days inclusive) for AGM eligibility. • Proxy forms must be lodged with Computershare Hong Kong Investor Services Ltd. by 10:00 a.m. on 27 May 2026. • Shareholders recorded on 29 May 2026 are entitled to attend and vote.

As of the notice date, the board comprises four executive directors—Mr. Bai Xuankui (Chairman), Mr. Bai Wukui, Mr. Bai Guohua and Mr. Dong Shiguang—and three independent non-executive directors—Mr. Tian Hua, Mr. Qiu Yongqing and Ms. Gao Jianhua.