FOLANGSI (02499) concluded its Annual General Meeting on 25 June 2026 in Guangzhou, with shareholders representing 331.95 million shares—91.57% of the 362.52 million shares in issue—voting by poll. Every one of the 13 resolutions on the agenda was approved.

Key operating and governance outcomes:

1. Statutory Reports and Profit Allocation • The audited 2025 consolidated financial statements, Board and Supervisory Committee reports, and the full 2025 annual report were adopted in full. • The 2025 profit-distribution plan received unanimous support; specific payout details were not disclosed in the notice.

2. Board Refresh and Leadership Appointments • Executive Directors: Hou Zekuan, Hou Zebing, Qian Xiaoxuan, Ma Li and Zhou Limin. • Non-Executive Director: Li Hanchi. • Independent Non-Executive Directors: Chiang Edward, Hou Yu and Du Lizhu. • Hou Zekuan was re-elected Chairman of the fourth Board session; Hou Zebing was named General Manager. • The above terms run for three years, ending with the expiry of the fourth Board session.

3. Board Committee Composition (Fourth Session) • Audit Committee: Chair Du Lizhu; members Hou Yu and Chiang Edward. • Nomination Committee: Chair Hou Zekuan; members Chiang Edward and Hou Yu. • Remuneration Committee: Chair Hou Yu; members Hou Zebing and Du Lizhu. • Strategy Committee: Chair Hou Zekuan; members Hou Zebing, Qian Xiaoxuan, Li Hanchi and Chiang Edward.

4. Supervisory Committee • Shareholder representatives He Xiaocheng and Liu Xiaoli were re-elected for a three-year term. • Li Xiaolan continues as employee representative Supervisor following re-election on 25 March 2026.

5. Capital and Financing Authorities • Shareholders granted a general mandate allowing the Board to issue up to 20% of the company’s issued share capital and to repurchase up to 10% during the mandate period. • The issuance mandate can be enlarged by the amount of shares repurchased. • Directors were also authorised to arrange credit facilities, loans and finance-leasing arrangements for 2026 under predefined conditions.

6. Auditor Re-appointment • Ernst & Young was re-appointed as external auditor for the 2026 financial year, with the Board authorised to fix remuneration.

The meeting was duly convened in accordance with PRC laws, the Listing Rules and the company’s Articles of Association; Tricor Investor Services acted as scrutineer for vote-counting.