Xingye Alloy Materials Group Limited (XINGYE ALLOY) has renewed its share award scheme, originally adopted on 18 April 2016, by executing an amended trust deed on 17 April 2026. The move prolongs the scheme’s life by an additional ten years, pushing the expiry to 16 April 2036.

Under the amended terms: 1. Duration: The trustee’s mandate and the scheme itself are extended from 17 April 2026 to 16 April 2036. 2. Award Limit: The aggregate number of shares that can be granted is now capped at 10% of the company’s total issued share capital as at 17 April 2026. 3. Funding Mechanism: Clauses permitting the issuance or allotment of new shares to satisfy awards have been removed. All future awards will be settled exclusively with existing shares.

Because the revised scheme will be funded solely by existing shares, it constitutes a share scheme under Chapter 17 of the Hong Kong Listing Rules but does not involve the issuance of new shares.

All other key provisions of the original scheme and trust deed remain unchanged. The company’s board composition is unchanged, with Mr. HU Changyuan, Mr. HU Minglie and Mr. ZHU Wenjun serving as executive directors, and Mr. CHAI Chaoming, Dr. LOU Dong, Ms. LU Hong and Ms. ZHAO Yan as independent non-executive directors.