Power Assets has convened its 2026 Annual General Meeting (AGM) for 20 May 2026 at 4:30 p.m. The hybrid session will take place physically at the Grand Ballroom, Harbour Grand Kowloon, and online via the Lumi platform. Contingency plans move the meeting to 26 May 2026 if a black rainstorm, typhoon signal No. 8 or “extreme conditions” are in force at 9:00 a.m. on the original date.

Key resolutions to be tabled:

1. FY2025 Financials & Dividend • Shareholders will receive the audited financial statements, Directors’ Report and Independent Auditor’s Report for the year ended 31 December 2025. • A final dividend will be proposed; the record date is set for 27 May 2026, with the register of shareholders closed that day.

2. Board & Auditor Matters • Re-election of five retiring directors: Andrew J. Hunter, Stephen E. Bradley, Kwan Chi Kin Anthony, Victor T. K. Li and Tsai Chao Chung Charles. • Appointment of the company’s auditor and authorisation of the board to fix the auditor’s remuneration.

3. Remuneration Framework (effective from 1 January 2026) • Annual director fee: HK$100,000 per director. • Committee fees per member: Audit Committee HK$110,000; Remuneration, Nomination and Sustainability Committees HK$30,000 each. • Fees accrue pro rata to the period of service within each financial year.

4. Share Issuance Mandate • Directors seek a general mandate to issue, allot or dispose of shares up to 10% of issued share capital, including equity-linked instruments. • Issue price capped at a 10% discount to the higher of (i) the closing price on the agreement date or (ii) the five-day average closing price prior to announcement, agreement or price-fixing. • Authority runs until the earlier of the next AGM, the statutory deadline for holding it, or revocation by shareholders.

5. Share Buy-back Mandate • Authorisation to repurchase up to 10% of issued shares (excluding treasury shares) during the same “Relevant Period.”

Administrative Details • Shareholders registered by 4:30 p.m. on 14 May 2026 may vote at the AGM; the register will be closed 15–20 May 2026 (extended to 26 May 2026 if the meeting is postponed). • Proxy forms must reach the company or its registrar at least 48 hours before the meeting. • No refreshments will be served at the venue.

Board Composition (as of 22 April 2026) Executive Directors: Andrew John Hunter (Chairman), Tsai Chao Chung Charles (CEO), Chan Loi Shun, Cheng Cho Ying Francis Non-Executive Directors: Leung Hong Shun Alexander, Li Tzar Kuoi Victor, Neil Douglas McGee Independent Non-Executive Directors: Stephen Edward Bradley, Ip Yuk-keung Albert, Koh Poh Wah, Kwan Chi Kin Anthony

Investors are advised to review the full AGM circular dated 22 April 2026 for detailed procedures on attendance, proxy submission and participation via the online platform.