China HK Power Smart Energy Group Limited (abbreviated as CHINA HK POWER) has convened an Extraordinary General Meeting (EGM) for 14 May 2026 at 5:00 p.m. in Central, Hong Kong. Shareholders will vote on a single ordinary resolution authorising a debt-to-equity conversion that aims to strengthen the company’s balance sheet and align shareholder interests.

Key terms of the proposed transaction:

• Loan Capitalisation Agreement: Signed on 5 March 2026 between CHINA HK POWER (issuer) and Dr. Kan Che Kin, Billy Albert (subscriber).

• Debt conversion: HK$260.00 million of unsecured shareholder loans will be fully capitalised.

• Subscription details: 722.22 million new shares to be issued at HK$0.36 per share, matching the outstanding loan principal.

• Specific Mandate: Directors will receive an additional mandate to allot and issue the Capitalisation Shares once the Stock Exchange of Hong Kong grants listing and dealing approval.

Procedural information:

• Voting method: Poll at the EGM.

• Register closure: 11 May 2026 to 14 May 2026 (both days inclusive). Share transfers must be lodged by 4:30 p.m. on 8 May 2026 to qualify for attendance and voting.

• Proxy arrangements: Shareholders may appoint proxies; forms must reach Tricor Investor Services Limited at least 48 hours before the meeting.

Board composition at the date of the notice comprises three executive directors (Dr. Kan Che Kin, Billy Albert; Mr. Deng Yaobo; Mr. Li Kai Yien, Arthur Albert), two non-executive directors (Mrs. Kan Kung Chuen Lai; Mr. Simon Murray) and three independent non-executive directors (Mr. Li Siu Yui; Mr. Chow Ching Ning; Mr. Lam Lum Lee).

Shareholders’ approval of this debt-to-equity swap would finalise the conversion and issue of the 722.22 million Capitalisation Shares, subject to regulatory clearance.