Powerlong Real Estate Holdings Limited (stock code: 01238) announced that its Extraordinary General Meeting (EGM) on 18 March 2026 ratified the sole ordinary resolution on the agenda, securing 228.13 million votes in favour—equivalent to 99.9978% of the votes cast—versus 5,000 votes against (0.0022%).

The approved resolution: 1. Endorses the Agreement detailed in the 25 February 2026 circular, together with all related and incidental transactions. 2. Authorises any one director—or any two directors when the company seal is required—to execute and implement the Agreement and associated matters.

Share capital and voting structure: • Total shares in issue: 4.14 billion; no treasury shares. • Controlling shareholders—Chairman Hoi Kin Hong, Hoi Wa Fong, Hoi Wa Fan and associates—collectively holding 2.71 billion shares (65.55% of issued capital), abstained from voting as disclosed. • Independent shareholders therefore controlled 1.43 billion shares (34.45% of issued capital); 228.14 million shares (approximately 16.0% of that free float) were voted.

Meeting logistics: • All nine directors attended, either in person or electronically. • Computershare Hong Kong Investor Services Limited acted as poll scrutineer.

With more than 50% of the valid votes cast in favour, the ordinary resolution is duly adopted, giving the board full mandate to proceed with the Agreement and related actions.