Mulsanne Group Holding Limited has issued a circular convening its 2026 annual general meeting (AGM) for 10:00 a.m. on 5 June 2026 at the company’s Ningbo headquarters. Key proposals to be put to shareholders include:

1. Capital Mandates • General Issuance Mandate – Directors request authority to allot, issue or transfer up to 20% of the company’s issued share capital, equivalent to a maximum of 190.00 million shares based on the 950.00 million shares outstanding as of 11 May 2026. • Repurchase Mandate – Authority to buy back up to 10% of issued shares (95.00 million shares). • Extension – If both mandates pass, the repurchase amount may be added to the issuance limit, potentially expanding new-issue capacity to 285.00 million shares.

2. Board Composition Six directors stand for re-election: • Executive: Yu Yong (CEO). • Non-executive: Chen Yeliang, You Shike, Sun Weiye. • Independent non-executive: Xu Yanyun, Lam Tsz Chung.

The Nomination Committee supports all nominees, noting their experience and independence confirmations.

3. Auditor Ernst & Young is nominated for re-appointment for the financial year ending 31 December 2026 with an expected audit fee of RMB 4.59 million.

4. Administrative Timetable • Share register closure: 2 – 5 June 2026 (both dates inclusive). • Proxy submission deadline: 10:00 a.m., 3 June 2026.

5. Shareholder Structure and Takeover Implications The largest disclosed holdings are Great World Glory Pte. Ltd. at 38.27%, GXG Trading Limited at 22.50%, and Crescent Glory Singapore Pte. Ltd. at 14.15%. Exercising the full repurchase mandate would lift Great World Glory’s stake to 42.52%, approaching—but not surpassing—the 50% threshold that triggers a mandatory offer under Hong Kong’s Takeovers Code. The board states there is no current intention to repurchase shares to a level that would create such an obligation.

6. Compliance Notes Voting on all resolutions will be conducted by poll. Treasury shares, if any, will not carry voting rights. The Stock Exchange has not reviewed the circular’s content and takes no responsibility for its accuracy.

The directors recommend shareholders vote in favour of all resolutions to support capital flexibility, board continuity and auditor re-appointment at the forthcoming AGM.