YUEXIUTRANSPORT tables 20% share issuance and 10% buy-back mandates; AGM scheduled for 11 June 2026

Yuexiu Transport Infrastructure Limited (YUEXIUTRANSPORT) has released its circular for the 2026 Annual General Meeting (AGM), outlining three key proposals:

1. New Share Issue & Buy-Back Mandates • Directors seek a fresh general mandate to issue new ordinary shares representing up to 20% of the company’s issued share capital on the AGM date—equivalent to a maximum of 334.63 million shares, based on the 1.67 billion shares outstanding as at 23 April 2026. • A separate mandate would authorise the company to repurchase up to 10% of issued shares, or up to 167.32 million shares. • Management states it has “no immediate plan” to exercise either mandate. • Funding for any buy-backs would be sourced from available cash or working-capital facilities. Full utilisation of the buy-back mandate would lift Guangzhou Yue Xiu Holdings’ stake to 49.99%, potentially triggering a mandatory offer under Hong Kong’s Takeovers Code; the board does not intend to repurchase to that level.

2. Board Composition & Re-elections • Four directors are up for re-election: Executive Directors Liu Yan (Chairman) and Yao Xiaosheng (Deputy Chairman & General Manager), and Independent Non-Executive Directors (INEDs) Lau Hon Chuen Ambrose and Peng Vincent Shen. • Lau Hon Chuen Ambrose has served as an INED since 1996; the board affirms his continued independence and recommends his re-election via a separate resolution.

3. AGM Logistics & Dividend Timetable • The AGM will take place at 10:30 a.m. on Thursday, 11 June 2026, at Novotel Century Hong Kong. • Shareholders must lodge transfers by 4:30 p.m. on 5 June 2026 to be eligible to attend and vote; the register closes from 8–11 June 2026. • A final dividend (amount to be determined at the AGM) will use Monday, 22 June 2026 as the record date; the register closes from 18–22 June 2026.

Auditor Re-appointment • The board proposes re-appointing Ernst & Young as external auditor for the coming year.

Recommendation The board recommends shareholders vote in favour of all resolutions, citing the flexibility the mandates provide for future capital management and the continued contributions of the directors standing for re-election.