China Next-Gen Commerce and Supply Chain Limited Announces Poll Results of Extraordinary General Meeting

Key Highlights from the EGM

• All Proposed Resolutions Passed Unanimously: At the Extraordinary General Meeting (EGM) of China Next-Gen Commerce and Supply Chain Limited (HKEX: 3928) held on 24 February 2026, all proposed ordinary resolutions were duly passed by way of poll, with 100% of votes in favour and none against.
• Approval of Lease Service Framework Agreement: The shareholders approved, confirmed, and ratified the Lease Service Framework Agreement dated 15 December 2025 between Shanghai Mitaki Culture Development Company Limited and Seazen Holdings Co., Ltd., covering all transactions contemplated under the agreement.
• Annual Caps Approved for 2025-2027: Shareholders approved the annual caps for the Lease Service Framework Agreement for each of the calendar years ending 31 December 2025, 2026, and 2027.
• Authorization to the Board: The meeting authorized any Director or authorized person to execute agreements and take all actions necessary to give effect to the Lease Service Framework Agreement and related transactions, including immaterial variations or waivers as necessary.

Important Information for Shareholders

• Connected Transaction: The Lease Service Framework Agreement constitutes a continuing connected transaction. Ms. Wang (Chairman and Executive Director), who indirectly held 360,000,000 shares, and her associates, were required to and did abstain from voting on these resolutions, ensuring compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
• Voting Details: Of the total 480,000,000 shares in issue, 120,000,000 shares (those held by Independent Shareholders) were entitled to vote. All 21,182,000 votes cast at the EGM were in favour of the resolutions, with zero votes against.
• Attendance: All Directors of the Company, including Ms. Wang Kelly, Ms. Ding Ziyi, Mr. Lu Guoqiang, Ms. Xie Xiaolin, and Mr. Lu Yanjun, attended the EGM in person or via electronic means.
• Poll Scrutineer: The poll at the EGM was independently scrutinized by Boardroom Share Registrars (HK) Limited.

Potential Price-Sensitive Implications

• Transaction Certainty and Governance: The successful approval of the Lease Service Framework Agreement and its annual caps provides certainty regarding the Company’s ongoing connected transactions with Seazen Holdings Co., Ltd., potentially assuring investors of stable future business operations and income streams related to the lease services.
• Corporate Governance: The Board’s compliance with listing rules and the abstention of interested parties (Ms. Wang and associates) from voting reinforce a strong corporate governance framework, which may have a positive impact on investor confidence.
• No Opposition: The unanimous support by independent shareholders suggests strong backing for the Company’s strategic direction and the specific transaction, which could be viewed positively by the market.

Conclusion

The passage of all EGM resolutions related to the Lease Service Framework Agreement marks a significant step for China Next-Gen Commerce and Supply Chain Limited, ensuring the continuation of key business arrangements and demonstrating solid support from independent shareholders. The transaction’s transparency and the Board’s adherence to corporate governance standards may be viewed favourably by investors and could influence the Company’s share price.

Disclaimer: This article is based on the official announcement released by China Next-Gen Commerce and Supply Chain Limited. It is provided for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult professional advisers before making any investment decisions.

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