Hongyang Services (01971.HK): Requests to convene a special shareholders' meeting to appoint and dismiss directors

Gelonghui April 7 — Hongyang Services (01971.HK) announced that on March 24, 2026, the board received written requests from Wing Sze Tiffany WONG and Edward Simon MIDDLETON ( collectively referred to as “Requiring Shareholders” ), dated March 24, 2026, ( “Requiring Notice” ). According to the Requiring Notice, the request was made by the Requiring Shareholders in their capacity as joint holders of 285,000,000 shares listed on the company’s register of members (, representing approximately 68.67% of the total issued shares of the company as of the date of the Requiring Notice ), and such shares are not less than one-tenth of the paid-up capital with voting rights at the company’s general meeting as of the date of the Requiring Notice.

According to the Requiring Notice, the Requiring Shareholders request the company to convene a special general meeting of shareholders and to issue a notice to all shareholders regarding the special general meeting, to consider and, if deemed appropriate, pass the following resolutions as ordinary resolutions of the company ( “Claiming Request” ):

1. Immediately remove Mr. Jia Hongbo from his position as executive director of the company upon passing this resolution at the special general meeting;

2. Immediately remove Ms. Wang Fen from her position as independent non-executive director of the company upon passing this resolution at the special general meeting;

3. Immediately remove Mr. Li Xiaohang from his position as independent non-executive director of the company upon passing this resolution at the special general meeting;

4. Immediately remove Mr. Zhao Xianbo from his position as independent non-executive director of the company upon passing this resolution at the special general meeting;

5. Immediately appoint Mr. Dai Shaohong as an executive director of the company upon passing this resolution at the special general meeting;

6. Immediately appoint Mr. Cosimo BORRELLI as an independent non-executive director of the company upon passing this resolution at the special general meeting;

7. Immediately appoint Mr. Donald Edward OSBORN as an independent non-executive director of the company upon passing this resolution at the special general meeting;

8. Immediately appoint Ms. Xu Liwen as an independent non-executive director of the company upon passing this resolution at the special general meeting;

9. Immediately remove any director appointed to the board of the company during the period from the date the Requiring Notice is delivered to the company until the date of the special general meeting, except for those persons who are appointed as directors at the special general meeting;

10. Authorize the company’s board of directors to determine the remuneration of the company’s directors; and

11. Any issuance, allotment, or sale of securities ( including but not limited to shares, warrants, options, and bonds ) made during the period from the date the Requiring Notice is delivered to the company until the date of the special general meeting shall be deemed invalid.

Pursuant to Article 64 of the company’s Articles of Association, a special general meeting of shareholders may also be convened by one or more shareholders holding at least one-tenth of the company’s paid-up share capital ( on the day the request is deposited, with each share carrying one vote ) and having voting rights at the general meeting. The request must be made in writing to the directors or the secretary, requesting the board to convene a special general meeting to deal with any matters specified in the request. The meeting must be held within two months of the deposit of the request. If the board fails to arrange the meeting within 21 days from the date of deposit, the requesting shareholder(s) ( may convene the meeting themselves in the same manner, and all reasonable expenses incurred due to the board’s failure to properly convene the meeting shall be reimbursed by the company. The requesting shareholder(s) may also request to include resolutions on the agenda of the general meeting in accordance with the company’s Articles of Association.