Many Idea Cloud Holdings Announces Extraordinary General Meeting and Proposed Share Award Scheme

Date: 12 March 2026
Company: Many Idea Cloud Holdings Limited (Stock Code: 6696)

Key Developments for Investors

• Extraordinary General Meeting (EGM) Scheduled: The EGM will be held on Tuesday, 31 March 2026, at 9:30 a.m. in Xiamen, PRC.
• Major Resolution: Introduction of a New Share Award Scheme
• Voting Rights and Procedures Outlined
• Potential Share Issuance
• Shareholder Eligibility and Proxy Voting Arrangements Detailed

Details of the Proposed Share Award Scheme

The Board of Many Idea Cloud Holdings Limited proposes to implement a new Share Award Scheme, which will be tabled for shareholder approval at the upcoming EGM. The main features of the scheme include:

• Scheme Mandate Limit: The total number of shares that may be issued under all awards, including share options and share awards under any other share schemes, must not exceed 10% of the Company’s issued shares as of the date of the EGM or any future refreshment date.
• Authority Granted: The Directors and company secretary will have the authority to:
  • Administer the Share Award Scheme and grant awards to eligible participants.
  • Modify or amend the scheme in compliance with Chapter 17 of the Hong Kong Listing Rules.
  • Allot and issue new shares in connection with granted awards, subject to approval for listing and permission to deal from the Stock Exchange.
  • Apply for the listing of any new shares issued under the scheme on the Stock Exchange or other exchanges where the Company’s shares are listed.
  • Consent to any conditions or modifications required by relevant authorities regarding the scheme.
• Service Provider Sublimit: Subject to the passing of the first ordinary resolution, a sublimit is proposed such that awards to Service Providers under the scheme must not exceed 1% of issued shares as at the date of the EGM or refreshment approval date.

Shareholder Information and Voting Arrangements

• Record Date and Book Closure:
  • The register of members will be closed from 26 March 2026 to 31 March 2026 (both days inclusive).
  • Only shareholders recorded by 4:30 p.m. on 25 March 2026 are eligible to attend and vote at the EGM.
• Proxy Voting:
  • Shareholders entitled to attend and vote can appoint a proxy, who does not need to be a shareholder.
  • More than one proxy may be appointed for multiple shareholdings.
  • Proxy forms, and any relevant authority documents, must be submitted to the Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited (17M Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong) at least 48 hours before the EGM.
• Voting Method: All votes at the EGM will be conducted by poll, as required by the Listing Rules. Results will be announced in accordance with the prescribed manner.
• No Food or Beverages: Attendees are advised that no refreshments will be served at the EGM.

Potential Price-Sensitive and Material Information

The proposed Share Award Scheme, if approved, could have a significant impact on the Company’s share capital structure and potentially its share price. The introduction of a scheme allowing the issuance of up to 10% of existing shares (with 1% allocated specifically to Service Providers) may result in dilution for existing shareholders. Additionally, the ability to refresh the mandate limit and the broad authority vested in the Board to amend and operate the scheme introduces potential for further share issuance in future periods.

These developments are of material interest to investors as they may affect the supply of shares in the market and, consequently, the Company’s share price.

Board Composition

The Board comprises a mix of executive and independent non-executive directors, including Chairman Mr. Liu Jianhui. Investors may wish to note the Board composition when considering governance and decision-making related to the proposed resolutions.

Contact Information

For any queries regarding the EGM or the proposed resolutions, shareholders may contact Computershare Hong Kong Investor Services Limited at (852) 2862 8555.

Conclusion

Investors are advised to review the proposed Share Award Scheme in detail and consider the potential implications for their shareholdings ahead of the EGM on 31 March 2026. Shareholders are encouraged to exercise their voting rights, either in person or via proxy, to have their interests represented in this important decision.

Disclaimer: This article is a summary and interpretation of official company disclosures for informational purposes only. It does not constitute investment advice. Investors should refer to the original company documents and seek professional advice before making investment decisions. The information herein is accurate as of the date of publication but may be subject to change.

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