China Shenhua Energy Announces 2026 H Shareholders’ Class Meeting – Major Repurchase Mandate on Agenda

China Shenhua Energy Company Limited (HKEx: 01088) has issued notice of its 2026 First Class Meeting of the Holders of H Shares to be held at 3:45 p.m. on Friday, 26 June 2026, at Gehua New Century Hotel, Beijing.

Key Highlights for Investors

• Major Share Repurchase Mandate:
  • The Board seeks shareholder approval for a general mandate to repurchase up to 10% of the company’s H shares (excluding treasury shares) in issue, using self-raised funds on the Hong Kong Stock Exchange.
  • Repurchases must not exceed 5% above the average closing price of the H shares for the five trading days preceding each repurchase.
  • This is a special resolution, subject to approval at the annual general meeting as well as separate meetings of A and H shareholders.
• Comprehensive Board Authorisation:
  • The Board and its authorised persons will have wide discretion, including:
    • Formulating and executing the repurchase plan, including timing, price, and quantity
    • Notifying creditors and issuing required announcements
    • Opening overseas share and money accounts, changing foreign exchange registrations
    • Completing all regulatory filings and approvals (domestic and overseas)
    • Handling share cancellation or transfer, capital reduction, and amending the Articles of Association accordingly
  • The mandate period extends from the date of approval until the earlier of the 2026 Annual General Meeting or revocation/variation by shareholder resolution.

Key Shareholder Information

• Eligibility and Voting:
  • Only H shareholders registered by 26 June 2026 may attend and vote. Register closes 23-26 June 2026.
  • Share transfers must be lodged with Computershare Hong Kong Investor Services Limited by 4:30 p.m. on 22 June 2026 to qualify for voting.
• Proxy Arrangements:
  • Shareholders may appoint one or more proxies to attend and vote. Proxies need not be shareholders.
  • Proxy forms and authorisation documents must be deposited at Computershare at least 24 hours prior to the meeting.
• Poll Voting:
  • All resolutions (except strictly procedural matters) will be voted by poll. If more than one proxy attends, voting is by poll only.

Potential Impact and Price Sensitivity

• This proposed buy-back mandate is a significant capital management initiative. Share buy-backs are generally viewed positively by the market as they may:
  • Signal management’s confidence in undervaluation of shares
  • Increase earnings per share
  • Support the share price by reducing supply
• Investors should monitor the outcome of this resolution closely. If approved and executed, it could have a material impact on China Shenhua Energy’s share price and capital structure.

Other Shareholder Notes

• The meeting is expected to last less than half a day; attendees are responsible for their own travel/accommodation.
• Contact details for shareholder queries are provided – Ms. Cheng at the Office of the Board of Directors ([email protected]).

Board Composition

• Executive Director: Mr. Zhang Changyan
• Non-executive Directors: Mr. Kang Fengwei, Mr. Li Xinhua
• Independent Non-executive Directors: Dr. Yuen Kwok Keung, Dr. Chen Hanwen, Mr. Wang Hong
• Employee Director: Ms. Jiao Lei

Conclusion

This notice contains price-sensitive information for China Shenhua Energy shareholders. The proposed authorisation for a substantial H share buy-back could positively influence share value if approved and implemented. Shareholders are strongly encouraged to review the resolution, attend the meeting, or vote by proxy.

Disclaimer: The above article is for informational purposes only and does not constitute investment advice. Investors should exercise their own judgement and consult professional advisers before making investment decisions. The company’s official documents should be referred to for complete and accurate details.

中國神華能源 2026 年 H 股東大會通告—潛在重大回購授權詳情（粵語）

中國神華能源股份有限公司（港交所：01088）公告，將於 2026 年 6 月 26 日（星期五）下午 3:45 假北京歌華新世紀酒店舉行 2026 年 H 股東類別會議。

投資者重點摘要

• 重大股份回購授權：
  • 董事會擬徵求股東批准，一般授權回購不超過公司已發行 H 股（不包括庫藏股）總數的 10%，以自籌資金於港交所市場進行。
  • 每次回購價格不得高於前五個交易日 H 股平均收市價的 5%。
  • 該項為特別決議，須經股東大會及 A、H 股東類別會議通過。
• 董事會獲廣泛授權：
  • 董事會及其授權人可全權制定及執行具體回購計劃，包括確定回購時間、價格、數量等；依法通知債權人及公告；辦理境外賬戶和外匯註冊；完成監管備案及批核；處理股份註銷或轉讓、減資及修訂章程細則等。
  • 授權期由決議通過之日起，至 2026 年股東週年大會結束或授權被撤銷/修改為止。

股東重要資訊

• 資格及投票：
  • 2026 年 6 月 26 日登記在冊之 H 股東方可出席及投票。股份過戶須於 6 月 22 日下午 4:30 前辦妥。
• 委任代表：
  • 股東可書面委任一位或多位代表，代表出席及投票。代表不必為本公司股東。
  • 委託表格、授權書等須於會議前不少於 24 小時送達香港中央證券登記。
• 投票方式：
  • 除程序性決議外，一律採用投票表決，多於一位代表時僅可投票表決。

潛在影響及價格敏感因素

• 本次股份回購授權屬重要資本管理舉措。 市場一般認為股份回購信號正面，可能：
  • 反映管理層認為股份被低估
  • 提升每股盈利
  • 通過減少流通量支撐股價
• 建議股東密切關注決議結果。 如順利落實，將對中國神華能源資本結構及股價產生實質影響。

其他注意事項

• 會議預計半天內完成，食宿自理。
• 如有查詢，可聯絡董事會辦公室鄭女士（[email protected]）。

董事會組成

• 執行董事：張長炎先生
• 非執行董事：康峰偉先生、李新華先生
• 獨立非執行董事：袁國強博士、陳漢文博士、王紅先生
• 職工董事：焦磊女士

總結

本次會議通告涉及價格敏感資料。 擬議大額 H 股回購計劃如獲通過並執行，對股價有正面推動作用。建議股東審慎研判，積極參與投票或委託代表行使權利。

免責聲明： 本文僅供參考，並不構成任何投資建議。請投資者自行判斷，並於作出投資決定前諮詢專業顧問，所有細節以公司公告原文為準。

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