Shanghai REFIRE Group Limited (REFIRE) reported that its 2026 first extraordinary general meeting (EGM), held on 11 June 2026 in Shanghai, overwhelmingly approved a special resolution authorising a warrant subscription agreement with Macquarie Bank Limited.

The sole resolution covered four key items: 1) ratification of the Subscription Agreement signed on 21 May 2026; 2) approval for the issue of 10.00 million warrants, each carrying the right to subscribe for one new share; 3) a specific mandate for the Board to allot up to 10.00 million new shares upon warrant exercise; and 4) authorisation for the Board to handle all related documentation and implementation matters.

Voting snapshot • Shares in issue: 93.23 million • Treasury shares (non-voting): 18,000 • Shares entitled to vote: 93.22 million

Poll results showed 41.32 million votes (99.82%) in favour, zero against, and 74,708 abstentions (0.18%). Exceeding the two-thirds threshold required for a special resolution, the proposal was duly passed.

Governance and process All nine directors attended the meeting in person or electronically. Ernst & Young acted as scrutineer for the poll, ensuring procedural compliance under PRC Company Law, the Articles of Association and Hong Kong Listing Rules.

With shareholder approval secured, REFIRE’s Board is now empowered to proceed with the issuance and allotment of the warrants and the underlying shares in accordance with the terms of the agreement with Macquarie Bank Limited.