Zhejiang Laifual Proposes H-Share Award Scheme With 10% Mandate Limit

• Zhejiang Laifual Drive shareholders will vote November 24, 2026, on an H-share issuance mandate covering up to 20,827,037 shares, or 20%.
• A proposed repurchase mandate would authorize buybacks of up to 10,413,518 H shares, representing 10% of issued H shares.
• The proposed 2026 H Share Award Scheme would run for 10 years, with a mandate limit of 10,413,518 H shares, approximately 10%.
• Proposed articles amendments would reduce board membership from 11 to 10 directors, with independent non-executive directors comprising at least one-third.
• The board recommends voting in favor of all resolutions, including authorization to administer and implement the award scheme.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhejiang Laifual Drive Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261104-12399914), on November 04, 2026, and is solely responsible for the information contained therein.