Hong Kong-listed Xingye Alloy Materials Group Limited has unveiled plans to overhaul its Memorandum and Articles of Association (M&A), targeting full alignment with recent amendments to the Hong Kong Listing Rules and forthcoming market infrastructure changes.

Key elements of the proposal include:

1. Digital-First Governance • Introduction of electronic and hybrid general meetings, permitting shareholders to attend and vote online in addition to physical participation. • Expansion of paperless communication, paving the way for electronic dissemination of corporate materials in line with HKEX’s updated requirements.

2. Readiness for the Uncertificated Securities Market (USM) • Amendments designed to facilitate electronic share registration, holding and transfer once the USM regime is implemented, modernising the Company’s share-handling processes.

3. Housekeeping Updates • Miscellaneous revisions to streamline meeting procedures and reflect latest regulatory and corporate governance standards.

Next Steps • The amended and restated M&A will be tabled for approval via special resolution at the Company’s Annual General Meeting scheduled for 12 June 2026. • A detailed circular, including the full text of the proposed changes and the AGM notice, will be dispatched to shareholders in due course.

Governance The Board, led by Chief Executive Officer and Executive Director Mr HU Minglie, unanimously supports the amendments. Current executive directors are Mr HU Changyuan, Mr HU Minglie and Mr ZHU Wenjun, with four independent non-executive directors: Mr CHAI Chaoming, Dr LOU Dong, Ms LU Hong and Ms ZHAO Yan.

Regulatory Context The proposed updates aim to future-proof Xingye Alloy’s constitutional documents, ensuring compliance with HKEX’s evolving regulatory landscape and enhancing shareholder participation through digital channels.