E&P Global targets fresh 20% share-issue mandate, 10% buy-back approval and board changes at 19 Aug AGM

E&P Global Holdings Limited has dispatched its 2026 AGM circular outlining key resolutions to be tabled on 19 August 2026 in Hong Kong.

Key proposals • General mandate to issue new shares: Board seeks authorisation to allot and deal with up to 20% of the company’s issued share capital (excluding any treasury shares) as at the AGM date—equivalent to a ceiling of 2.62 billion new shares based on the 13.09 billion shares outstanding on the 22 July 2026 Latest Practicable Date. • Extension mandate: Size of the above issue mandate may be increased by the number of shares repurchased under the buy-back mandate. • Share repurchase mandate: Directors request approval to buy back up to 10% of issued shares, or 1.31 billion shares. The company confirms no current intention to repurchase shares but values the flexibility. • Director re-elections: Executive Director Im Jonghak and Independent Non-executive Director Chen Dai will retire by rotation and stand for re-election. • Auditor: Re-appointment of Prism Hong Kong Limited and authority for the board to fix remuneration. • Financial statements: Adoption of the audited results for the year ended 31 March 2026 and approval of directors’ remuneration.

Share capital snapshot • Issued shares: 13.09 billion; no treasury shares. • Previous (2025) issue mandate utilisation: 454.55 million shares issued, consuming 33.21% of the prior limit.

Major shareholder impact Controlling shareholder Chen William Hon Lam holds 7.25 billion shares (55.37%). Full exercise of the 10% buy-back mandate would raise his stake to 61.52%. The board has pledged to maintain the required public float.

Key dates • Register closure: 14–19 Aug 2026 (both days inclusive). • Record date: 19 Aug 2026. • Proxy deadline: 10:00 a.m., 17 Aug 2026. • AGM: 10:00 a.m., 19 Aug 2026, Conference Room R3, United Conference Centre, United Centre, Admiralty, Hong Kong.

Share price volatility During the 12 months to July 2026, E&P Global’s shares traded between HK$0.062 and HK$5.65, highlighting significant volatility ahead of the upcoming shareholder vote.