Wuhan Youji Holdings Ltd. Announces Extraordinary General Meeting: Key Resolutions That May Impact Share Value

Wuhan Youji Holdings Ltd. has released a comprehensive notice convening an Extraordinary General Meeting (EGM) scheduled for Wednesday, 20 May 2026 at 3:00 p.m. The meeting will be held at the company’s venue in Wuhan, Hubei, China, immediately after the conclusion of its Annual General Meeting. This EGM presents several important resolutions that could be price-sensitive and have material implications for shareholders and the company’s share value.

Key Resolutions to be Considered

1. Approval of the 2026 Xinkang Framework Agreement
   • The company seeks shareholder approval for the 2026 Xinkang Framework Agreement, entered into with Wuhan Xinkang Chemical Equipment Co., Ltd. on 10 February 2026.
   • This agreement, along with all associated transactions, will be confirmed, approved, and ratified if passed.
   • Shareholders are also asked to approve proposed annual caps for the transactions under this agreement for the three years ending 31 December 2028.
   • The directors will be empowered to execute and sign all documents and take actions necessary to implement the agreement and handle any variations in terms they deem appropriate, ensuring flexibility and responsiveness to business needs.
2. Company Name Change and Corporate Structure Update
   • A special resolution will be proposed to change the English name of the company from “Wuhan Youji Holdings Ltd.” to “Wuhan Youji Holdings Limited,” subject to approval by the Registrar of Companies in the Cayman Islands.
   • This resolution also authorizes directors to carry out all necessary acts and filings for this name change in both the Cayman Islands and Hong Kong.
   • Amendments to the company’s memorandum and articles of association are proposed, as detailed in Appendix II to the circular dated 30 April 2026.
   • Adoption of the second amended and restated memorandum and articles of association is to be effected, replacing the existing documents upon the effective date of the name change.
   • Previous special resolutions from 22 December 2025 remain valid, ensuring continuity and legal compliance in corporate governance.

Important Information for Shareholders

• Voting Procedures: All resolutions will be decided by poll, as per Hong Kong Exchange listing rules. Results will be published on the HKEX and company websites.
• Proxy Appointments: Shareholders holding two or more shares can appoint multiple proxies to vote at the meeting; proxies need not be shareholders themselves. Each proxy must be assigned a specific number of shares.
• Proxy Submission Deadline: Proxy forms and relevant documents must be deposited at Tricor Investor Services Limited, Hong Kong, no less than 48 hours before the meeting (by 3:00 p.m. on Monday, 18 May 2026).
• Register Closure: For voting eligibility, the Register of Members will be closed from 15 May 2026 to 20 May 2026. Share transfer documents must be lodged by 4:30 p.m. on 14 May 2026.
• Board Composition: The Board currently includes both executive and non-executive directors, as well as independent non-executive directors, ensuring robust governance.

Potential Price Sensitive Implications

• Strategic Partnership: The ratification and annual caps on the Xinkang Framework Agreement may signal new business opportunities, revenue streams, or operational synergies with Wuhan Xinkang Chemical Equipment Co., Ltd., which could positively affect the company’s future financial performance.
• Corporate Actions: The proposed change of company name and adoption of new constitutional documents may be part of broader corporate restructuring or rebranding efforts, potentially affecting investor perception and market positioning.
• Governance and Compliance: Amendments to the memorandum and articles of association, and the validation of previous resolutions, indicate ongoing efforts to strengthen corporate governance and ensure legal compliance, which are critical for investor confidence.

What Shareholders Should Do

Shareholders are strongly advised to review the details of the resolutions, submit proxy forms on time if not attending in person, and ensure their shareholdings are properly registered for voting eligibility. These corporate actions and agreements could have material impact on the company’s strategy, operations, and share value.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or an offer to buy or sell any securities. Investors should conduct their own research and consult with professional advisors before making any investment decisions. The information is based on the company’s official EGM notice and may be subject to change.

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