On 27 May 2026, MIXUE Group’s board resolved to seek shareholder approval for two key initiatives at the forthcoming annual general meeting (AGM): the introduction of an H-Share Award Scheme and revisions to the company’s Articles of Association. Both measures remain subject to passage by special resolution at the AGM and subsequent clearance from the Hong Kong Stock Exchange’s Listing Committee.

The proposed H-Share Award Scheme, classified as a share scheme under Chapter 17 of the Listing Rules, is designed to (1) recognise and incentivise contributors to the Group, (2) align employee interests with overall corporate value, and (3) attract and retain top talent for long-term growth. The aggregate number of shares that can be issued under this scheme—together with any other existing share schemes—will be capped at 10% of MIXUE Group’s issued share capital (excluding treasury shares) on the adoption date. Based on the current share count, the ceiling equates to approximately 37.96 million H-shares. Lapsed awards will not count toward this mandate limit.

Separately, the board proposes amendments to the Articles of Association to reflect recent legal and regulatory changes. The revisions address updates in the amended PRC Company Law (effective 1 July 2024) and the China Securities Regulatory Commission’s latest guidelines. Key amendments focus on strengthening minority shareholder protections, refining the corporate capital framework, and clarifying the duties of controlling shareholders, directors and senior management.

Full details of the H-Share Award Scheme, the article amendments and the AGM notice will be provided in a circular to shareholders in due course.