Hong Kong, 28 April 2026 — Tai Sang Land Development Limited released its AGM circular outlining four principal proposals to be put to shareholders on 22 May 2026 at 3:00 p.m. in Hong Kong.

General Buy-back Mandate • Board seeks authority to repurchase up to 10% of issued shares, equivalent to 28.77 million shares based on the 287.67 million shares outstanding (excluding treasury shares) on 17 April 2026. • Repurchases would be funded by internal resources and/or banking facilities; the Board states it has no immediate plan to exercise the mandate.

General Issue Mandate • Directors request approval to issue new shares up to 20% of current issued share capital, or 57.53 million shares. • A separate resolution will allow the issue limit to be extended by the number of shares actually bought back under the new mandate.

Director Re-elections • Four directors—Chairman & CEO William Ma Ching Wai, Deputy Chairman Philip Ma Ching Yeung, Managing Director Alfred Ma Ching Kuen and Independent Non-executive Director Aaron Tan Leng Cheng—will retire by rotation and offer themselves for re-election. • The Nomination Committee confirms all independent non-executive directors remain compliant with HKEX independence criteria.

Adoption of New Articles of Association • The Board proposes a comprehensive replacement of the Articles to: – incorporate Hong Kong’s new treasury-share regime; – align with the HKEX paperless listing amendments, enabling hybrid/virtual meetings, electronic voting, digital dividend options and e-delivery of corporate communications; – update other Listing Rule requirements and housekeeping provisions.

Major Shareholding and Takeovers Implications • Chairman William Ma holds 164.74 million shares (57.3% of issued shares). Full utilisation of the buy-back mandate would increase his deemed interest to 63.6%; the Board states this would not trigger a mandatory general offer under the Takeovers Code.

Key Dates • Share register closes 19–22 May 2026 for AGM eligibility; proxy forms must be lodged at least 48 hours before the meeting. • Record date for the proposed final dividend is 28 May 2026; the dividend amount will be tabled at the AGM.

Share Price Reference • Over the 12 months to 17 April 2026, the share traded between HK$1.61 and HK$2.58, with the latest month-to-date range at HK$2.15–2.40.

The Board recommends shareholders vote in favour of all resolutions, stating the proposals serve the interests of the company and its shareholders. No refreshments or gifts will be distributed at the AGM.