Majestic Dragon Aerotech Holdings Limited released an announcement on 24 July 2026 detailing a plan to replace its existing amended and restated bye-laws with a new set designed to reflect recent regulatory and operational developments.

Key amendments 1. Alignment with HKEX’s uncertificated securities market regime, ensuring compliance as the exchange transitions toward paperless shareholding. 2. Introduction of provisions permitting the Company to repurchase and hold its own shares as treasury stock, adding flexibility to future capital-management strategies. 3. Updates to facilitate hybrid shareholder meetings, electronic voting mechanisms and electronic dissemination of corporate communications, matching the latest Listing Rules enhancements. 4. Ancillary consequential and housekeeping revisions to harmonise wording and structure throughout the document.

Approval process and timeline • The proposed amendments (“New Bye-laws”) require shareholder approval via special resolution at the forthcoming annual general meeting scheduled for 18 August 2026. • A circular outlining full details of the amendments and the AGM notice will be dispatched to shareholders in due course.

Corporate governance context The Board—comprising four executive directors (Zhang Jinbing, Wang Yuelai, Yang Zeyun and Wang Jian) and three independent non-executive directors (Choi Ka Ying, He Xiaodong and Jie Yinghan)—unanimously supports the proposal. Chairman Zhang Jinbing signed the announcement on behalf of the Board.

Regulatory compliance By synchronising its governance framework with updated Listing Rules on digitisation, treasury shares and electronic shareholder engagement, Majestic Dragon Aerotech aims to enhance operational efficiency and meet evolving market standards without altering its strategic direction or financial guidance.