YST Dairy (01431) has summoned shareholders to an annual general meeting on 25 June 2026 at EAST Beijing, where a series of capital-management and governance proposals will be put to vote. The register of members will close from 22 to 25 June, with 18 June as the last day to lodge share transfers.

Key resolutions include:

• Issuance mandate – The board requests authority to allot and deal with up to 938.10 million new shares, equivalent to 20% of the current 4.69 billion shares in issue. The mandate may be extended by the amount of shares repurchased under the buy-back mandate.

• Share buy-back mandate – Directors seek approval to purchase up to 469.05 million shares, or 10% of the existing share capital. China Feihe, the controlling shareholder, holds 3.34 billion shares (71.26%); its stake would rise to 79.17% if the full buy-back were executed. YST Dairy currently holds no treasury shares.

• Board composition – Shareholders will vote on the re-election of Executive Director, Chairman and CEO Mr Zhang Yongjiu, Non-executive Director Mr Cai Fangliang and Independent Non-executive Director Mr Zhang Yuezhou. The nomination committee has confirmed Mr Zhang Yuezhou’s continued independence despite his more than nine-year tenure.

• Bye-law amendments – The company proposes adopting amended and restated bye-laws to:  – enable hybrid and fully electronic general meetings and electronic voting;  – permit electronic dissemination of documents without additional consent;  – allow the holding and re-sale of treasury shares; and  – incorporate other housekeeping updates aligned with Bermuda law and Hong Kong’s paperless regime.

• Auditor – Re-appointment of Ernst & Young as external auditor for the 2026 financial year, with fees to be set by the board.

Poll results of the AGM will be released on 25 June, and the register of members will reopen on 26 June.