On 20 March 2026, Lemo Services Co., Ltd. (Lemo Services, HKEX: 02539) released a Board announcement outlining a comprehensive overhaul of its corporate governance structure, to be put to shareholders at the 18 May 2026 annual general meeting (AGM).

Key proposals 1. Supervisory Committee abolition: The company intends to eliminate the existing Supervisory Committee and terminate the positions of supervisors. All oversight responsibilities would transfer to the Audit Committee, and the Supervisory Committee’s procedural rules would be repealed. 2. Board expansion and employee representation: Post-abolition, the Board would add one employee-elected director, increasing its size from eight to nine members. The Employees’ Representative Congress will conduct the election, aiming to strengthen employee participation in corporate governance. 3. Articles of Association update: Amendments will incorporate the post-IPO capital structure (reflecting the December 2025 listing) and align the document with the Company Law of the PRC and the Guidelines for the Articles of Association of Listed Companies. 4. Procedural rule revisions: Corresponding changes are proposed for the Rules of Procedures for the Shareholders’ General Meeting and the Board of Directors to ensure consistency with the updated Articles.

Implementation timeline • Shareholders will vote on the special resolutions at the AGM on 18 May 2026. • Until approval is secured, the current Supervisory Committee and existing governance documents remain in force. • A circular detailing the proposed amendments and the AGM notice is expected to be available on the HKEX and company websites, with printed copies mailed on or before 24 April 2026 to shareholders who request them.

Board composition (announcement date) Executive Directors: Xie Zhonghui, Feng Baocai, Chen Xing Non-executive Directors: Han Daohu (Chairman), Wu Jinghua Independent Non-executive Directors: Lei Zhigang, Dong Hui, Suek Ka Lun Ernie

The proposed governance restructuring underscores Lemo Services’ intention to streamline oversight functions and formalize employee participation ahead of its first full financial year as a listed company.