Xingfa Aluminium Holdings Limited has issued its 2026 AGM circular, outlining several resolutions for shareholder approval on 28 May 2026 in Foshan.

Key resolutions • General Mandate: Directors request authority to allot, issue, sell or transfer treasury shares up to 20% of issued capital—equivalent to 84.13 million shares based on 420.65 million shares outstanding as at 27 April 2026. • Repurchase Mandate: Authority to buy back up to 10% of issued shares (42.06 million shares). Any repurchased shares may be held as treasury stock under the Hong Kong Stock Exchange’s new regime. • Extension Mandate: The 20% issuance limit may be increased by the volume of shares repurchased under the 10% mandate. • Director Re-elections: Luo Jianfeng (executive), Zuo Manlun (non-executive), Lam Ying Hung Andy (independent) and Ho Kwan Yiu (independent) stand for re-election.

Shareholder implications • Guangxin (Hong Kong) Investment Limited holds 132.38 million shares (31.47%). Full use of the buy-back mandate would lift its stake to 34.97%, nearing the 30% Takeovers Code threshold but still below the mandatory offer trigger after adjustment. • The board states there are no immediate plans to issue new shares other than for the company’s option scheme, and repurchases will be conducted only if they do not adversely affect working capital or gearing.

Timetable and procedures • Register closure for AGM voting: 22–28 May 2026 (both days inclusive). • Register closure for the proposed final dividend: 3–5 June 2026; record date 2 June 2026. • Proxy forms must be lodged by 2:00 p.m. on 26 May 2026. • All AGM resolutions will be decided by poll.

Mandates, if approved, will remain in force until the next AGM, expiry of the statutory period, or revocation by shareholders, whichever occurs first.