China HK Power Smart Energy Group Limited issued a supplemental announcement on 24 March 2026 correcting the size of its share-option mandate and outlining compliance steps for a connected Director Option grant.

The company said the number of options available for grant under its existing Share Option Scheme as at 31 March 2025 should be 392.84 million, not 310.84 million disclosed in the 2025 Annual Report. The revision reflects 73.50 million options that lapsed prior to 31 March 2024 and a further 8.50 million that lapsed between 1 April 2024 and 31 March 2025.

Between 1 April 2025 and the date of the original 13 January 2026 announcement, an additional 9.30 million options lapsed. Consequently, the current scheme mandate limit stands at 402.14 million options, confirming sufficient headroom for the planned employee grants (“Scheme Options”).

Separately, the proposed grant of Director Options to Chief Executive Officer Mr. Deng Yaobo will be made outside the existing scheme, qualifying as a connected transaction under Chapter 14A of the Hong Kong Listing Rules and an arrangement analogue to a share scheme under Chapter 17. Because the grant exceeds 1 per cent of the company’s issued shares within a 12-month period, it requires: • approval by independent shareholders at an extraordinary general meeting (EGM); • abstention from voting by Mr. Deng and his associates; and • prior endorsement by all independent non-executive directors, whose views will be included in the circular for the EGM.

The board reiterated its intention to comply fully with all relevant provisions of Chapter 17, including the separate mandate requirement for the Director Options.