Anton Oilfield proposes 20% share-issue and 10% buy-back mandates; AGM slated for 27 May 2026

Anton Oilfield Services Group has dispatched its AGM circular outlining three core resolutions: renewal of general mandates for share issuance and buy-backs, re-election of long-serving independent non-executive directors (INEDs), and reappointment of auditors.

Key proposals and data points:

1. Capital mandates • Share-issue mandate: Directors are seeking authority to allot and issue, or resell treasury shares, representing up to 20% of the company’s issued share capital. Based on the current 3.00 billion shares in issue, the limit equates to 600.34 million shares. • Share buy-back mandate: The board also seeks authority to repurchase up to 10% of issued shares (300.17 million shares). Any repurchased stock may be cancelled or held as treasury shares. • Extension clause: Subject to approval, the number of shares repurchased could be added to the issuance limit, potentially expanding the effective issue capacity.

2. Director re-elections Shareholders will vote separately on the re-appointment of INEDs Zhang Yongyi (age 89), Zhu Xiaoping (age 77) and Wee Yiaw Hin (age 67), each of whom has served the board for more than nine years. The Nomination Committee has affirmed their independence and contribution.

3. Dividend and book-closure dates • Final dividend proposed: HK$0.0373 per share for FY 2025. • Share transfer books will close 21–27 May 2026 for AGM eligibility and 2–4 June 2026 for dividend entitlement.

4. Auditor appointment The board recommends reappointing Deloitte Touche Tohmatsu for another term, with remuneration to be set by shareholders.

5. Shareholder structure impact Chairman Luo Lin holds a 25.34% stake (760.74 million shares). A full 10% buy-back would raise his interest to 28.16%, still below the Hong Kong Takeovers Code mandatory-offer threshold.

6. Recent buy-backs Over the six months to 22 April 2026, Anton Oilfield repurchased 39.21 million shares on-market at prices ranging from HK$0.75 to HK$1.07.

Logistics The AGM will be held at 10 a.m. on 27 May 2026 at 2/F, Tower A, Ali Center, Wangjing, Beijing. Proxy forms must be lodged at Computershare Hong Kong at least 48 hours before the meeting.