City Coolxuan Company Limited (08050 HK) has released its AGM circular dated 10 July 2026, outlining several key proposals for shareholder approval at the meeting scheduled for 1 September 2026 in Hong Kong.

Key AGM Proposals 1. General mandates • Issue Mandate: Board seeks authority to allot and issue up to 54.25 million new shares—equivalent to 20% of the 271.25 million shares outstanding as of 2 July 2026 (Latest Practicable Date). • Repurchase Mandate: Authorisation to buy back up to 27.13 million shares, representing 10% of issued share capital. • Extended Mandate: Permission to add any repurchased shares (up to 10% of issued capital) to the Issue Mandate, effectively allowing up to 30% headroom for new share issuance if the buy-back mandate is fully utilised.

2. Board composition • Re-election of three executive directors—Chairman Pu Jian (aged 43), Zhou Zhengjun (63) and Wang Xiaoqi (47). • Each director has signed a three-year service contract (Pu and Zhou) or is subject to rotation (Wang). Annual director fees: HK$0.48 million for Pu and Zhou; Wang receives HK$0.53 million in remuneration from a subsidiary.

3. Auditor • Re-appointment of Prism Hong Kong Limited as external auditor for the year ending 31 March 2027. • Estimated audit fee: HK$0.55 million–HK$0.65 million, excluding out-of-pocket expenses.

Shareholding and Governance Impact • Hong Kong Coolxuan Group, 73.90% owner (200.46 million shares), could see its stake rise to approximately 82.11% if the full buy-back mandate is executed. The board states it will maintain the public float above the 25% regulatory threshold. • No directors, close associates or core connected persons have signalled an intention to sell shares to the company under the proposed repurchase authority.

Key Dates • Record date for AGM attendance and voting: 1 September 2026. • Share transfer books closed: 27 August–1 September 2026 (both days inclusive). • Proxy forms must be lodged with Tricor Investor Services by 30 August 2026, 2:00 p.m.

If approved, the mandates remain valid until the earlier of the next AGM, lapse of the statutory period for holding it, or revocation by shareholders.