Power Assets Holdings Limited (PAH, stock code 00006) announced that shareholders have voted decisively in favour of its plan to dispose of UK Power Networks, marking a critical milestone in the company’s connected and major transaction process.

At the General Meeting held on 27 April 2026, the sole ordinary resolution—approving the sale of PAH Sub’s shares and shareholder debt instruments under the Share Purchase Agreement—secured 502.85 million votes, representing 99.8893% of the votes cast. Only 0.1107% (0.56 million votes) were recorded against the motion, comfortably surpassing the simple majority threshold required for passage.

Voting base and abstentions • Total shares in issue: 2.13 billion. • CK Infrastructure Holdings Limited (CKI) and its associates, holding 767.50 million shares (36.01% of issued capital), abstained from voting due to their material interest in the transaction. • After the abstention, 1.36 billion shares (63.99% of issued capital) were eligible to vote, ensuring compliance with Hong Kong Listing Rules.

Process oversight Computershare Hong Kong Investor Services Limited acted as the poll scrutineer. All directors attended the meeting except Independent Non-executive Director Stephen Edward Bradley.

Next steps Completion of the disposal remains contingent upon satisfaction of closing conditions stipulated in the Share Purchase Agreement. The company cautions that the transaction may still not proceed and advises shareholders and potential investors to exercise prudence when dealing in PAH securities.