China Communications Services Corporation Announces 2026 H Shareholders’ Class Meeting and Share Repurchase Mandate

China Communications Services Corporation Limited (“the Company”, Stock Code: 552) has issued a notice convening the 2026 Second H Shareholders’ Class Meeting. The meeting is scheduled for Thursday, 28 May 2026 at 11:00 a.m. in Beijing, People’s Republic of China. The primary agenda centers on granting a general mandate to the Board to repurchase H shares, a move that could have significant implications for shareholders and potentially influence the Company’s share price.

Key Points for Investors

• General Mandate for H Share Repurchase: The Board is seeking approval to repurchase up to 10% of the issued H Shares (excluding any Treasury Shares) during the “Relevant Period.” The Relevant Period is defined as the time from the approval of this resolution until the earliest of the conclusion of the next Annual General Meeting, or any revocation or variation of the mandate through a special resolution.
• Potential Share Price Impact: Share repurchase mandates are often seen as price-supportive, signaling management’s confidence in the company’s value and providing a potential mechanism to enhance shareholder value through reduced share count and improved earnings per share.
• Meeting Logistics: Only shareholders registered by 4:30 p.m. on Thursday, 21 May 2026 will be eligible to attend and vote. The share register will be closed from 22 May to 28 May 2026 (both dates inclusive), during which share transfers will not be processed.
• Proxy Arrangements: Shareholders may appoint one or more proxies to attend and vote. The proxy form and any authorization documents must be delivered to Computershare Hong Kong Investor Services Limited no less than 24 hours before the meeting (i.e., by 11:00 a.m. on 27 May 2026).
• Voting Method: All resolutions at the H Shareholders’ Class Meeting will be conducted by poll.
• Administrative Notes: Shareholders or proxies must present identity certification. Corporate shareholders must provide appropriate authorization documents. Attendees are responsible for their own transport and accommodation expenses.

Details of the Share Repurchase Mandate

• The mandate, if approved, authorizes the Board to repurchase H Shares during the Relevant Period using the full extent of the Company’s powers under applicable law and subject to the 10% cap.
• The actual number of shares eligible for repurchase will be calculated based on the issued H Shares (excluding Treasury Shares) at the time of approval at the AGM, Domestic Shareholders’ Class Meeting, and H Shareholders’ Class Meeting.
• The Company Secretary, Mr. Chung Wai Cheung, Terence, is the contact person for this notice.

Shareholder Actions and Important Dates

• Register as a shareholder by: 4:30 p.m., 21 May 2026 (for eligibility to attend and vote)
• Closure of register: 22 May – 28 May 2026 (no share transfers processed)
• Deadline for proxy submission: 11:00 a.m., 27 May 2026
• H Shareholders’ Class Meeting: 11:00 a.m., 28 May 2026 (or immediately after the Domestic Shareholders’ Class Meeting)

Potential Price Sensitivity

The proposed 10% share repurchase mandate is a significant corporate action that could influence China Communications Services’ share price. Share buybacks typically signal management’s intention to support the share price and return value to shareholders, especially if the Company believes its shares are undervalued. Investors should monitor the outcome of the meeting closely, as approval of the mandate could lead to increased share price volatility and potentially upward price momentum depending on market conditions and investor sentiment.

Contact Information

• Board Office: Block No. 1, Compound No. 1, Fenghuangzui Street, Fengtai District, Beijing, PRC 100073
• Contact Person: Mr. Chung Wai Cheung, Terence
• Tel: (8610) 5850 2290

Board Composition as of Notice Date

• Executive Directors: Mr. Luan Xiaowei, Mr. Cui Zhanwei, Mr. Shen Aqiang
• Non-Executive Directors: Mr. Cheng Jianjun, Mr. Tang Yongbo, Mr. Liu Aihua, Mr. Chen Li
• Independent Non-Executive Directors: Mr. Lv Tingjie, Mr. Wang Qi, Mr. Wang Chunge, Ms. Chiu Mun Wai

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to review the official circular dated 29 April 2026 and consult their financial advisors before making any investment decisions. The actual impact on share price will depend on investor sentiment, market conditions, and the Board’s subsequent actions following the mandate approval.

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