FOREST CABIN (02657) Proposes H-Share Award Scheme; EGM Approval Pending

Bulletin Express03-16

Shanghai Forest Cabin Cosmetics Group Co., Ltd. (FOREST CABIN, 02657) announced that its Board approved the launch of an H Share Award (Existing Shares) Scheme on 16 March 2026.

The proposed incentive plan is designed to align employee, shareholder and corporate interests and to support the company’s long-term growth. As the scheme involves only existing H shares, it falls under Chapter 17.12 of the Hong Kong Listing Rules and does not require shareholder approval under those rules. However, the company’s Articles of Association mandate shareholder consent; therefore, special resolutions will be tabled at an upcoming extraordinary general meeting (EGM).

A circular detailing the scheme terms and the EGM notice will be issued in due course. Until shareholder approval is secured, investors are advised to exercise caution when trading the company’s securities.

Board composition at the time of the announcement: • Executive Directors – Sun Laichun (Chairman, President), Gao Hongqi • Non-executive Director – Jing Aimei • Independent Non-executive Directors – Zhu Qian, Liu Yuliang, Qiang Yilan

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