China Daye Non-Ferrous Metals Mining Limited (China Daye) has issued a circular outlining key resolutions for its Annual General Meeting (AGM) scheduled on 26 May 2026 in Hong Kong.

Key Proposals 1. Capital Mandates • Issue Mandate: Board seeks authority to allot and issue new shares up to 20% of issued share capital, equal to 3.58 billion shares, based on the 17.90 billion shares outstanding as of 27 April 2026. • Buy-back Mandate: Board requests approval to repurchase up to 10% of issued shares, or 1.79 billion shares. The buy-backs will be funded from internal resources in accordance with Bermuda law and Listing Rules. • Extension Proposal: Directors may extend the Issue Mandate by the number of shares repurchased under the Buy-back Mandate. Both mandates will lapse at the earlier of the next AGM or a prior shareholder revocation.

2. Board Composition • Re-election of four directors: executives Xiao Shuxin (Chairman) and Li Haibo (CEO), and independent non-executives Wang Qihong and Kong Hua. • Independent director Wang Qihong, on the Board since 2006, will be voted on via a separate resolution in line with Hong Kong’s Corporate Governance Code due to his tenure exceeding nine years. The Nomination Committee confirms his continued independence.

3. Auditor Appointment • Proposal to appoint Baker Tilly Hong Kong Limited as external auditor for the next financial year, with remuneration set by the Board.

Key Dates • Register of members closes: 18–26 May 2026 (both days inclusive). • Record date for AGM voting rights: 26 May 2026. • Proxy submission deadline: 24 May 2026, 10:00 a.m. (48 hours before AGM).

Shareholding Impact The Parent Company, Daye Nonferrous Metals Group Holdings, holds 11.96 billion shares (66.85% stake). If China Daye executed the full 10% buy-back and no other share changes occurred, the Parent Company’s interest would rise to approximately 74.28%, still leaving at least 25% public float as required by the Listing Rules.

Rationale Management cites potential enhancement of net asset value and earnings per share as reasons for maintaining flexibility on share issuance and repurchases. The Board recommends shareholders vote in favour of all resolutions.

The circular states that no directors or connected persons have signalled an intention to sell shares to the company under the proposed buy-back authority.