Shougang Fushan Resources Group Limited (Shougang Fushan) has dispatched its circular and notice of Annual General Meeting (AGM), detailing several key proposals for shareholder approval on 25 June 2026 at 11:30 a.m. in Hong Kong.

Dividend Proposal • The Board recommends a final dividend of HK 0.06 per share for FY 2025. • Shareholders on record as of 9 July 2026 will be entitled to the payout, scheduled for 23 July 2026.

Capital Mandates • Renewal of a general mandate permitting directors to issue up to 20% of the company’s issued share capital (a ceiling of approximately 1.02 billion new shares based on the 5.09 billion shares outstanding as at 24 April 2026). • Renewal of authority to buy back up to 10% of issued shares, equal to roughly 509.11 million shares. • Any shares repurchased may be added to the issuance mandate, effectively increasing fundraising flexibility. • Directors currently have “no present intention” to exercise either mandate.

Ownership Implications • Shougang Group and FunDe Sino Life each hold about 29.99% of issued shares. Full utilisation of the buy-back mandate could raise each party’s stake to approximately 33.32%, potentially triggering a mandatory offer under Hong Kong’s Takeovers Code. The Board states it has no plan to buy back shares to such an extent.

Board Changes • Five directors—Chairman Chen Yi, Deputy Managing Director Wang Dongming, and independent non-executive directors Chen Jianxiong, Choi Wai Yin, and Shi Yubao—are standing for re-election. • The Nomination Committee has affirmed the independence of all INEDs, including Mr. Choi, who has served for more than nine years.

Meeting Logistics • Shareholders must lodge transfer documents by 18 June 2026 to attend and vote at the AGM; the register will be closed from 22 to 25 June 2026 inclusive. • Proxy forms must reach Tricor Investor Services by 11:30 a.m. on 23 June 2026.

Auditor Re-appointment • The Board proposes to re-appoint SHINEWING (HK) CPA Limited as external auditor.

No refreshments, drinks, or corporate gifts will be provided at the meeting.