POWER XINCHEN Sets 17 June 2026 AGM; Board Seeks Share Issue and Buy-Back Mandates, Director Re-elections, New Auditor Appointment

POWER XINCHEN (Xinchen China Power Holdings Limited) has scheduled its 2026 annual general meeting (AGM) for 10:00 a.m. on 17 June 2026 at Conference Room 1, United Conference Centre, United Centre, Admiralty, Hong Kong. Key items on the agenda include:

1. Financial Statements • Shareholders will be asked to receive and consider the audited consolidated results and directors’ and auditor’s reports for the financial year ended 31 December 2025.

2. Board Composition and Remuneration • Independent non-executive directors Mr Chi Guohua and Mr Wang Jun are standing for re-election in separate resolutions. • The board will seek authorisation to determine directors’ remuneration.

3. Auditor Rotation • Grant Thornton Hong Kong Limited is nominated to replace the existing auditor, with remuneration to be fixed by the board.

4. Capital Management Mandates • General Issuance Mandate: authority to allot and issue new shares or convertible securities up to 20% of the company’s issued share capital (excluding treasury shares) as at the approval date. • Share Buy-Back Mandate: authority to repurchase shares on recognised exchanges up to 10% of issued share capital (excluding treasury shares). • Extension Mandate: any shares repurchased under the buy-back mandate may be added to the issuance limit, effectively raising the potential new issue capacity by an additional 10%.

5. Constitutional Update • A special resolution proposes adopting a Third Amended and Restated Memorandum and Articles of Association, incorporating changes detailed in the circular dated 28 April 2026.

Administrative Details • Shareholders recorded on the Hong Kong branch register as of 12 June 2026 are entitled to attend and vote; transfers must be lodged by 4:30 p.m. on 11 June 2026. • The register will be closed from 12 June 2026 to 17 June 2026 (both dates inclusive). • Proxy forms must reach Computershare Hong Kong Investor Services Limited by 10:00 a.m. on 15 June 2026.

Board Snapshot The current board comprises two executive directors (Chairman Mr Zhang Wei and CEO Mr Deng Han), one non-executive director (Mr Yang Ming), and three independent non-executive directors (Mr Chi Guohua, Mr Wang Jun, and Ms Dong Yan).