Grand Ocean AR has convened an Extraordinary General Meeting for 11:00 a.m. on 27 October 2026 at Hip Shing Hong Centre, Central, Hong Kong. Shareholders will vote on a proposed rights issue of up to 1.72 billion new shares at HK$0.280 each, offered on the basis of seven rights shares for every one share held on the record date of 6 November 2026.

The rights issue is conditional on Hong Kong Exchanges and Clearing granting listing approval for the nil-paid and fully-paid rights shares. Directors are seeking authority to:

• Allot and issue the rights shares, including handling fractional entitlements and exclusions for shareholders with overseas addresses where legal or regulatory constraints apply. • Execute a placing agreement signed on 22 September 2026 with DL Securities (HK) Limited for any unsubscribed or non-qualifying shareholder rights shares. • Take all ancillary actions necessary to complete the transaction.

If approved, the maximum capital raise would total approximately HK$481.25 million (1.72 billion shares × HK$0.280).

For voting eligibility, the register of members will close from 21 October 2026 to 27 October 2026, inclusive. Transfers must be lodged by 4:30 p.m. on 20 October 2026. All EGM resolutions will be decided by poll, and results will be published on the Stock Exchange and company websites.