On 14 October 2026, Tai Ping Carpets International Limited announced plans to replace its existing bye-laws with a fully amended and restated set, subject to shareholder approval at the annual general meeting scheduled for 4 December 2026.

Key proposed changes:

• Treasury shares: The new framework would permit the company to hold repurchased shares as treasury shares, providing greater flexibility for future capital management.

• Uncertificated Securities Market (USM): Adoption of provisions allowing the company’s shares to participate in the USM regime, supporting electronic settlement.

• Paperless listing alignment: Updates designed to match recent Hong Kong Listing Rule revisions, covering electronic payments and digital dissemination of corporate communications.

• Housekeeping and compliance: Additional consequential amendments intended to align the company’s governance with current Bermuda law and the latest Listing Rules.

Implementation timeline:

• Shareholders will vote via special resolution at the AGM on 4 December 2026. • If approved, the amended and restated bye-laws will take effect immediately after the meeting’s close. • A circular detailing the full text of the proposed amendments and the AGM notice will be dispatched to shareholders in accordance with Listing Rule requirements.

Board composition at the announcement date comprises Chairman and Non-executive Director Nicholas Timothy James Colfer, Chief Executive Officer Mark Stuart Worgan, Chief Financial Officer Lung Chi Sing Alex, three other Non-executive Directors, and four Independent Non-executive Directors.