Shanghai REFIRE Group Limited held its 2025 Annual General Meeting (AGM) on 18 May 2026 in Shanghai, with Board Chairman and CEO Lin Qi presiding. A total of 93.22 million shares—excluding 18,000 treasury H shares—were eligible to vote.

Key outcomes:

1. Unanimous approval (100.00%) for: • 2025 Board work report, audited consolidated financial statements, annual report and profit-distribution plan • Re-appointment of Ernst & Young as external auditor and authorisation of its remuneration • General mandate to repurchase H shares during the defined period (Resolution 10)

2. Financial support to subsidiaries: • Provision of financial assistance for 2026 passed with 96.74% support • Applications for credit facilities and provision of guarantees for 2026 approved with 95.46% support

3. Capital allocation flexibility: • Change in use of proceeds from the Global Offering and Subscriptions approved with 90.45% support, the meeting’s highest level of dissent (9.55% votes against) • General mandate authorising the Board to issue additional H and Domestic shares secured 97.72% approval

All ten resolutions—eight ordinary and two special—met the required majority thresholds and were duly adopted. Ernst & Young served as the meeting’s scrutineer. Attendance included all nine directors, either in person or via electronic means.