XD Inc. has issued a circular convening its Annual General Meeting (AGM) for 10:30 a.m. on 28 May 2026 at Unit A1, No. 700 Wanrong Road, Shanghai. Key agenda items are as follows:

1. General Mandates • Share Issuance: Directors seek authority to allot, issue or transfer treasury shares and convertible securities up to 20% of issued share capital, equal to 98.49 million shares based on the 492.43 million shares outstanding as of 23 April 2026. • Share Buy-back: A mandate to repurchase up to 10% of issued shares, representing 49.24 million shares. Repurchased shares may be cancelled or held as treasury shares. • Extension Mandate: If approved, the buy-back volume can be added to the issuance limit, potentially increasing the issuance headroom by a further 10%.

2. Director Re-election • Non-executive Director: Wu Meng. • Independent Non-executive Directors: Pei Dapeng and Liu Qianli. All three are eligible and have offered themselves for re-election.

3. Auditor PricewaterhouseCoopers is nominated for re-appointment, with the 2026 audit fee estimated at RMB3.15 million–RMB3.85 million.

4. Shareholder Logistics • Register Closure: 22–28 May 2026 (both days inclusive). • Proxy Deadline: 10:30 a.m. on 26 May 2026. • Voting: All resolutions will be decided by poll.

5. Capital Structure and Recent Repurchases • Outstanding shares: 492.43 million. • Six-month on-market buy-backs (13 Jan–23 Apr 2026): 3.08 million shares, with prices ranging HK$60.60–HK$92.45.

Approval of the proposed mandates would give the board flexibility for equity financing, capital management and share-based incentives during the next mandate cycle.