Pan Asia Environmental Protection Group Limited Announces Extraordinary General Meeting and Proposed Share Award Scheme

Key Highlights from the EGM Notice

• Date of EGM: Wednesday, 13 May 2026, at 2:30 p.m.
• Venue: 22/F, Euro Trade Centre, 13–14 Connaught Road Central, Central, Hong Kong
• Key Resolution: Approval and adoption of a new Share Award Scheme, which could have a significant impact on the company’s capital structure and future share issuance.

Details of the Proposed Share Award Scheme

The Board of Pan Asia Environmental Protection Group Limited has put forward an ordinary resolution for shareholders to consider and approve a new Share Award Scheme at the upcoming Extraordinary General Meeting (EGM). The main features of the Share Award Scheme include:

• Scheme Mandate Limit: The total number of shares that may be issued under the Share Award Scheme and any other share schemes of the Company will not exceed 10% of the total number of shares in issue as at the date of the resolution (excluding treasury shares, if any).
• Authority to Directors: The Directors will be authorized to do all acts necessary to implement the Share Award Scheme, including:
  • Administering the Scheme and granting awards to eligible participants.
  • Modifying or amending the Scheme in accordance with its provisions and subject to Listing Rules.
  • Allotting and issuing new shares as required for the awards, subject to approval from the Stock Exchange.
  • Applying for the listing and permission to deal in any new shares that may be issued under the Scheme.
  • Consenting to any modifications or requirements imposed by relevant authorities.

Important Information for Shareholders

• Voting Arrangements: All resolutions at the EGM will be decided by poll, except for procedural or administrative matters which may be decided by a show of hands as per the Listing Rules.
• Proxy Arrangements: Shareholders entitled to attend and vote at the EGM may appoint one or more proxies to attend and vote on their behalf. Proxy forms must be deposited at Tricor Investor Services Limited, 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong, no less than 48 hours before the EGM (by 2:30 p.m. on 11 May 2026).
• Closure of Register of Members: The register of members will be closed from Friday, 8 May 2026, to Wednesday, 13 May 2026 (both days inclusive). During this period, no share transfers will be registered. To be eligible to attend and vote, unregistered shareholders should ensure all relevant documents are lodged by 4:30 p.m. on 7 May 2026.
• Weather Arrangements: In the event of severe weather conditions (e.g., typhoon signal no. 8 or above, or black rainstorm warning), the meeting may be postponed. Updates will be announced on the company’s and Stock Exchange’s websites.

Potential Price-Sensitive Implications

• The proposed Share Award Scheme, if approved, will enable the Company to issue up to 10% of its outstanding shares to eligible participants. This could have a dilutive effect on the existing shareholdings and may impact the share price, depending on market perception of the scheme’s potential to incentivize management and employees versus concerns about dilution.
• The flexibility granted to Directors to modify the scheme, grant awards, and issue shares subject to listing approvals adds to the Company’s ability to attract and retain talent but also introduces uncertainty regarding the timing and magnitude of future share issuances.
• Shareholders should carefully consider the resolution, as the approval of the Share Award Scheme represents a significant potential change in the Company’s capital management and remuneration policy.

Board Composition

As of the date of the notice, the Board comprises:

• Executive Directors: Mr. LIN Jun (Chairman), Mr. GUO Jiannan (Vice Chairman), Ms. PAN Chang (Chief Executive Officer)
• Non-executive Director: Ms. SONG Xiaojuan
• Independent Non-executive Directors: Mr. CHEN Xuezheng, Mr. GAO Hongbin, Mr. LEUNG Shu Sun, Sunny

Conclusion

The proposed Share Award Scheme is a noteworthy development for Pan Asia Environmental Protection Group Limited and may have material implications for both the Company’s future incentive structure and its share capital. Investors and shareholders are strongly advised to review the details of the proposal and to participate in the voting process at the upcoming EGM, as the outcome may influence the Company’s strategic direction and share price.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence or consult their financial adviser before making any investment decisions.

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