Hong Kong-listed PHANCY Group Co., Ltd. convened an Extraordinary General Meeting (EGM) on 10 September 2026, at which all three special resolutions on its equity incentive framework secured well above the two-thirds majority required for approval. All directors attended the meeting either in person or electronically.

1. Amended Share Incentive Scheme • Votes in favour: 210.83 million (93.87%) • Votes against: 10.92 million (4.86%) • Abstentions: 2.84 million (1.27%)

2. Refreshment of Scheme Limit • Votes in favour: 33.61 million (71.48%) • Votes against: 10.57 million (22.48%) • Abstentions: 2.84 million (6.04%)

3. Authorisation to Board/Scheme Administrator • Votes in favour: 210.82 million (93.99%) • Votes against: 10.64 million (4.74%) • Abstentions: 2.84 million (1.27%)

Voting Base and Abstentions • Total issued shares: 558.29 million (359.42 million H shares; 198.87 million unlisted shares). • Treasury shares: 1.26 million H shares; voting rights not exercised. • Controlling shareholders—Dr. Dai Wenyuan, Phancy Investment, Phancy Yinyuan and Nanjing Phancy—collectively holding 177.21 million shares (31.74% of share capital) abstained from Resolution 2, reducing the eligible voting pool for that item to 378.73 million shares. • The trustee of the H-Share RSU Scheme (1.10 million shares) abstained from all resolutions.

Procedural Details Tricor Investor Services Limited acted as scrutineer for the poll, and the Board confirmed that all resolutions were duly passed as special resolutions. The approvals pave the way for implementation of the Amended Scheme, an expanded award limit, and delegated authority to the Board and Scheme Administrator for subsequent actions.