Hanfort Development Holdings Limited adopted a comprehensive set of amended and restated Bye-laws at a special resolution passed on 25 June 2026.

Key points of the new governance framework include:

• Modernised shareholder communication – Electronic meetings, hybrid meetings and fully virtual meetings are now formally recognised, with detailed provisions for quorum, voting, postponement and participation via electronic facilities.

• Enhanced capital management flexibility – The Board may issue shares, warrants or other securities within updated parameters, repurchase shares to hold as treasury stock, and finance share buy-backs where permitted by the Listing Rules.

• Streamlined corporate actions – The amendments introduce explicit mechanisms for electronic payment of corporate action proceeds (e.g., dividends, scrip options) and acceptance of electronic instructions from securities holders.

• Uncertificated share regime – The Bye-laws align with Hong Kong’s Uncertificated Securities Market Rules, enabling electronic issuance, holding and transfer of shares through approved systems such as the UNSRT platform and CCASS.

• Clearer board authorities – Directors gain clarified powers on borrowing, use of company seals, delegation to committees, and indemnities, while maintaining shareholders’ rights to remove directors by ordinary resolution.

• Shareholder protection – Annual general meetings must be held within six months of the financial year-end; one-third of directors retire by rotation each year; and substantive matters continue to require special resolutions.

The revised Bye-laws replace all previous versions and take immediate effect, establishing a governance structure designed to meet current regulatory requirements and support electronic processes across the company’s operations.