Asymchem Plans 117,500-Share Buyback, Tightens Board Pay Rules Ahead of 10 July EGMs

Bulletin Express06-18

Asymchem Laboratories (Tianjin) Co., Ltd. (“Asymchem”) has released a circular detailing three key proposals to be tabled at its Second Extraordinary General Meeting (EGM) and accompanying class meetings on 10 July 2026 in Tianjin:

1. Restricted A-Share Repurchase and Cancellation • Scope: 117,500 restricted A shares—106,000 from the initial 2025 grant and 11,500 from the reserved tranche—held by 15 departed incentive participants. • Repurchase prices: RMB 35.12 per share for the initial grant; RMB 51.94 per share for the reserved grant. • Cash outlay: RMB 4.32 million, funded entirely from internal resources. • Capital impact: Total share count falls from 360.78 million to 360.66 million; A-share count declines to 332.83 million. Post-buyback, A shares remain 92.28 % and H shares 7.72 % of total capital. • Governance: The Remuneration and Examination Committee and DeHeng Law Offices confirmed compliance with PRC securities regulations and the company’s 2025 A Share Scheme.

2. Revision of Remuneration Management Policy for Directors and Senior Management • Key changes aim to strengthen alignment between pay, individual performance and long-term corporate results. • Remuneration framework: base salary, performance-linked annual pay (≥50 % of fixed and variable cash), and potential medium-to-long-term incentives (options, restricted shares, ESOP). • New claw-back clauses enable full or partial recovery of performance pay and incentives in cases of financial restatement, regulatory penalties, or serious misconduct.

3. Amendments to Articles of Association • Registered capital to be updated to RMB 360.66 million to reflect the proposed share cancellation. • Share structure table revised accordingly; no change to percentage split between A and H shares.

Meeting Logistics • EGM and H-Share Class Meeting: 10 July 2026, 2:00 p.m., No. 71, 7th Street, Tianjin Economic-Technological Development Area. • Record date: 10 July 2026; H-share register closed 7–10 July 2026. • Proxy forms must reach Computershare Hong Kong Investor Services by 2:00 p.m. on 9 July 2026.

All three proposals require shareholder approval—items 1 and 2 via special resolution and item 3 via ordinary resolution.

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