Du Du Holdings has convened an Extraordinary General Meeting for 24 July 2026 at 2:30 p.m. in Wan Chai, Hong Kong. Shareholders will vote on one special and two ordinary resolutions that will reshape the company’s capital structure and establish a new share-based incentive scheme.

The key proposal is a capital reduction that lowers the par value of each issued share from HK$0.20 to HK$0.01. The HK$0.19 reduction per share will generate a credit that will first offset accumulated losses and any remaining balance will be transferred to a distributable reserve. Upon effectiveness, every HK$0.20 share will become one fully paid share of HK$0.01.

Immediately after the reduction, all authorised but unissued shares will be subdivided on a 1-for-20 basis. As a result, authorised share capital remains HK$1.50 billion, while the number of authorised shares will expand from 7.50 billion to 150.00 billion. Newly issued shares will rank pari passu with existing ones. The restructuring is subject to the directors signing a solvency statement, Cayman Islands registration formalities and Stock Exchange approvals.

A separate ordinary resolution seeks to adopt a new share option scheme covering up to 10% of the company’s issued shares (excluding treasury shares) on the adoption date. Directors will be empowered to grant options, issue new shares or transfer treasury shares under the scheme, and to make any future amendments in line with Chapter 23 of the GEM Listing Rules.

The meeting will also ask shareholders to confirm a formal Scheme Mandate Limit of 10% for all options and awards across the company’s share schemes.

The register of members will be closed from 21 July 2026 to 24 July 2026, inclusive. Transfers must be lodged by 4:30 p.m. on 20 July 2026 to qualify for attendance and voting rights at the EGM.