China Communications Services Announces Key Shareholder Meeting on H Share Repurchase Mandate

China Communications Services Corporation Limited (Stock Code: 552), a leading telecommunications support service provider in China, has issued an important notice to its investors regarding the upcoming 2026 Second Domestic Shareholders’ Class Meeting. The meeting will take place on Thursday, 28 May 2026 at 10:30 a.m. at the company’s Beijing headquarters, immediately following the annual general meeting (AGM).

Key Points and Potential Price-Sensitive Information

• Proposal to Grant General Mandate for H Share Repurchase: The main agenda for the meeting is to consider and, if deemed appropriate, approve a special resolution granting the Board a general mandate to repurchase H shares of the company on the open market. This authorization would allow the Board to buy back up to 10% of the total issued H shares (excluding any Treasury Shares) during the “Relevant Period”.
• Definition of Relevant Period: The repurchase mandate, if approved, will be valid from the date of passing the special resolution at the AGM, Domestic Shareholders’ Class Meeting, and H Shareholders’ Class Meeting, until the earliest of the next AGM, or the date on which the mandate is revoked or varied by a special resolution.
• Importance for Shareholders: Shareholders should note that the approval of this mandate could have a significant impact on the company’s share price, as share buybacks generally signal management’s confidence in the company’s future, can improve earnings per share, and may provide price support for H shares.
• Voting and Participation: All shareholders registered on the company’s domestic share register as of 28 May 2026 are eligible to attend and vote. Shareholders may appoint one or more proxies (who need not be shareholders) to attend and vote on their behalf. Proxy forms and relevant authorizations must be submitted to the company’s Office of the Board by 10:30 a.m. on 27 May 2026.
• Poll Voting: The resolution at the meeting will be decided by poll, ensuring each share carries equal voting rights.
• Closure of Share Register: For the purpose of determining attendance eligibility, the register of members will be closed from 22 May 2026 to 28 May 2026 (both days inclusive).
• Administrative Details: Shareholders attending the meeting in person must present their identity certification. Corporate shareholders need to provide a copy of the relevant board or decision-making authority resolution authorizing their representative.
• Meeting Logistics: The meeting is expected to take less than half a day, and shareholders attending (in person or by proxy) are responsible for their own transport and accommodation.

Potential Impact on Share Price

The proposal to authorize a share repurchase of up to 10% of issued H shares is a potentially price-sensitive corporate action. Share buybacks typically:

• Signal management’s confidence in the company’s financial health and future prospects
• Reduce the number of shares outstanding, potentially increasing earnings per share (EPS)
• Support or even boost the share price, especially when shares are perceived as undervalued

Investors should closely monitor the outcome of this resolution, as its approval could positively influence the company’s H share price.

Board and Contact Information

The Board of Directors includes executive, non-executive, and independent non-executive directors. The Company Secretary is Mr. Chung Wai Cheung, Terence, who serves as the contact person for meeting-related matters.

Office of the Board:
Block No. 1, Compound No. 1, Fenghuangzui Street, Fengtai District, Beijing, PRC
Postal Code: 100073
Tel: (8610) 5850 2290

Key Dates for Shareholders

• Register Closure: 22–28 May 2026
• Proxy Submission Deadline: 27 May 2026, 10:30 a.m.
• Domestic Shareholders’ Class Meeting: 28 May 2026, 10:30 a.m. (or immediately after AGM)

Conclusion

This notice contains material that may be price sensitive. The proposed share repurchase mandate is a significant development that could influence the company’s share value. Shareholders and investors are advised to review the circular dated 29 April 2026 for further details prior to the meeting and consider the potential impact of the share buyback mandate on their investment.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult professional advisors before making any investment decisions. The information herein is based on the official notice and is accurate as of the date of publication.

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