Zhida Tech Calls 2025 AGM; Proposes No 2025 Dividend, 20% Issue Mandate and Supervisory Committee Abolition

Shanghai Zhida Technology Development Co., Ltd. (Zhida Tech) will hold its 2025 annual general meeting on 24 April 2026 in Shanghai.

Key proposals to be tabled include:

1. Capital Management • General mandate allowing the Board to issue up to 59.79 million new H shares (20% of current 298.94 million H shares). • Authority to repurchase up to 29.89 million H shares (10% of shares in issue).

2. Dividend Policy • The Board proposes no profit distribution for FY 2025; there will be no cash dividend, bonus share or capitalisation issue.

3. Corporate Governance Changes • Abolition of the Supervisory Committee, with its statutory powers to be assumed by the Audit Committee; corresponding comprehensive amendments to the Articles of Association are proposed.

4. Board & Auditor Matters • Re-appointment of PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers as PRC and international auditors for FY 2026, with remuneration to be set by the Board. • Director remuneration plan for 2026 maintains existing levels except for a 10% salary increase for Executive Director Li Xinrui.

5. Routine Reports • Work reports of the Board and the (current) Supervisory Committee, the 2025 audit report, annual report and final accounts will be presented for shareholder approval.

Key timetable and voting arrangements: • Register of H shareholders closes 21–24 April 2026; record date is 24 April 2026. • Proxy forms must be lodged with Computershare Hong Kong by 10:00 a.m. on 23 April 2026. • All resolutions will be decided by poll.

If all special resolutions are approved, Zhida Tech will gain flexible headroom for share issuance and buy-backs and complete a transition to the new corporate governance structure stipulated by China’s revised Company Law.