USAS Building System (Shanghai) Co., Ltd. has convened its 2025 Annual General Meeting for 10:00 a.m. on 15 May 2026 at the Jixiang Hall, Shanghai Jinfeng Hotel. Shareholders will vote on a series of ordinary and special resolutions that collectively address the company’s capital management, governance structure and financing support for its wholly-owned subsidiary.

Key ordinary resolutions include approval of the 2025 Board Report, Supervisory Report, audited consolidated financial statements, annual report, final profit-distribution plan, 2025 remuneration disbursement and 2026 director remuneration, as well as re-appointment of auditors for 2026.

Special resolutions focus on balance-sheet flexibility:

1. Share repurchase mandate • The Board seeks authority to buy back up to 10% of the company’s issued H shares (excluding any treasury shares) on the Hong Kong Stock Exchange or other recognised venues during the period ending at the next AGM or 12 months from approval, whichever is earlier.

2. General share-issuance mandate • Directors request approval to allot and issue additional H shares equivalent to a maximum 20% of the total issued share capital (excluding treasury shares) within the same mandate period. • The mandate includes authorisation to adjust the Articles of Association to reflect any resulting changes in registered share capital.

3. Credit-facility guarantees for subsidiary • The company proposes joint-and-several or direct guarantees totalling up to RMB160.00 million for USAS Building System (Suzhou) Co., Ltd.: – RMB130.00 million with CTBC Bank Co., Ltd., Shanghai Branch. – RMB10.00 million with Bank of China Co., Ltd., Suzhou Yangtze River Delta Integrated Demonstration Area Sub-branch. – RMB20.00 million with China Everbright Bank Co., Ltd., Shanghai Branch. • Final terms—amount, tenor and pricing—will follow individual credit agreements.

4. Corporate governance changes • Proposed amendments to the Articles of Association and immediate abolition of the Supervisory Committee, consolidating oversight within the Board structure.

Shareholders of record on 15 May 2026 may vote at the AGM, with registration for H-share transfers closing from 11 May 2026 to 15 May 2026. The register will also close from 21 May 2026 to 26 May 2026 for entitlement to the forthcoming final dividend.