Aux Electric schedules 5 June AGM; plans board reshuffle, mandates for 20% share issue & 10% buy-back, declares RMB1.06 final dividend

Bulletin Express04-28

Aux Electric has called its annual general meeting for 5 June 2026 in Ningbo, Zhejiang. Key resolutions to be tabled include:

• Board composition – Re-election of seven incumbent directors, comprising two executive, three non-executive and two independent non-executive members. – Retirement of independent non-executive director Tao Shengwen; nomination of Tang Mei Shan (former PwC tax manager and CITIC Pacific executive) as his replacement.

• Auditor – Proposed re-appointment of Ernst & Young for the 2026 financial year, with an indicative audit fee of RMB4.00 – 4.50 million.

• Capital mandates – General mandate to issue up to 20% of the existing share capital, equivalent to 317.65 million shares, with an additional extension for the amount repurchased. – Repurchase mandate for up to 10% of issued shares, or 158.82 million shares, with discretion to cancel or hold repurchased shares as treasury stock.

• Dividend – Final cash dividend of RMB1.06 per share, totalling approximately RMB1.68 billion, subject to shareholder approval. The dividend is slated for payment on or before 31 August 2026 to shareholders on record as of 18 August 2026.

Key timetable – Shareholder register closed for AGM: 2 – 5 June 2026 – Shareholder register closed for dividend: 17 – 18 August 2026

Proxy forms must reach Tricor Investor Services by 2:00 p.m. on 3 June 2026 (Hong Kong time). All resolutions will be decided by poll.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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