Shanghai Dazhong Public Utilities (Group) Co., Ltd. (DZUG) released a comprehensive AGM circular outlining key proposals for shareholder approval on 17 June 2026.

Dividend Proposal • DZUG plans a cash dividend of RMB0.05 per share, totalling RMB147.62 million, equal to 35.56 % of 2025 attributable net profit (RMB415.17 million). • If share capital changes before the record date, the total payout will remain unchanged and the per-share figure will be adjusted accordingly.

Funding & Liquidity • The group seeks up to RMB20 billion in aggregate bank credit facilities for 2026, spanning working-capital loans, project loans and trade finance. • A bond shelf of up to RMB3.5 billion (including offshore tranches) is proposed to optimise the debt structure. • Authorisation is requested for subsidiaries to issue guarantees of up to RMB4.41 billion, of which guarantees to units with debt-to-asset ratios above 70 % are capped at RMB1 billion.

Treasury Management • DZUG and its units may deploy up to RMB300 million of idle funds for securities investment and up to RMB1.5 billion for low-risk entrusted wealth-management products, on a rolling 12-month basis.

Related-Party Transactions • Ordinary related-party dealings for 2026 are budgeted at RMB418.90 million, covering gas supply, services, leasing and factoring with entities including Shanghai Gas and Dazhong Business Management. Pricing will follow market or regulated benchmarks, with connected directors abstaining from votes.

Auditor Re-appointments • BDO China Shu Lun Pan is nominated to continue as on-shore financial and internal-control auditor, while BDO Limited will remain off-shore auditor for 2026. Proposed 2025 fees are RMB1.90 million for domestic work (including RMB0.40 million for internal control) and HKD1.30 million for Hong Kong reporting.

Board Refresh • Shareholders will vote on a full board renewal. Nominated executive directors: Yang Guoping (Chairman), Liang Jiawei (CEO) and Wang Baoping. • Non-executive director nominees: Zhao Yeqing and Jin Yongsheng. • Independent non-executive director nominees: Jiang Guofang, Li Yingqi, Yang Ping and Zheng Wei. Each term will run three years from approval.

Governance Updates • Revised remuneration policy links at least 50 % of executives’ pay to performance, with deferred payouts over three years and claw-back provisions. • Amendments to multiple corporate-governance documents align with China’s new Company Law and exchange rules.

Strategic Outlook The Board’s 2025 work report highlights the draft “15th Five-Year Plan” (2026-2030) targeting digitalisation of gas and water businesses, continued ESG integration—evidenced by an upgrade to AA- ESG rating—and sustained focus on green transformation and intelligent operations.

Shareholder Logistics • H-share register closes 12–17 June 2026. • Proxy forms must reach Computershare Hong Kong by 2:30 p.m. on 16 June 2026. • The AGM will be held at Berlin Hall, Xujiahui Center Intercity Hotel, Shanghai, on 17 June 2026 at 2:30 p.m.