NOTICE IS HEREBY GIVEN THAT  an Extraordinary General Meeting (&ldquo EGM&rdquo ) of  YANGZIJIANG  MARITIME DEVELOPMENT LTD.  (the &ldquo Company&rdquo ) will be held at 168 Robinson Road, #09-01, Capital Tower, Big Picture Theatre, Singapore 068912 on 6 March 2026 at 2.30 p.m. for the purpose of considering, and if thought fit, passing, with or without modifications, the following ordinary resolution: 

 

All capitalised terms used below which are not defined herein shall have the same meaning  ascribed to them in the Company&rsquo s circular to shareholders dated 19 February 2026 (the  &ldquo Circular&rdquo ), unless otherwise defined herein or where the context otherwise requires.  ORDINARY RESOLUTION: PROPOSED ADOPTION OF SHARE BUYBACK MANDATE

 

(a) for the purposes of 76C and 76E of the Companies Act 1967 of Singapore (the &ldquo Companies  Act&rdquo ), the exercise by the Directors of the Company of all the powers of the Company to purchase or otherwise acquire issued ordinary shares of the Company (&ldquo Shares&rdquo ) not exceeding in aggregate the Maximum Percentage (as hereafter defined), at such price or prices as may be determined by the Directors from time to time up to the Maximum Price (as hereafter defined), whether by way of:

 

(i) market purchase(s) (&ldquo Market Purchases&rdquo ) on the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ) through the SGX-ST&rsquo s trading system, through one or more duly licensed stockbrokers appointed by the Company for the purpose and/or

(ii) off-market purchase(s) effected pursuant to an equal access scheme in accordance with Section 76C of the Companies Act (&ldquo Off-Market Purchases&rdquo ), and otherwise in accordance with all other laws and regulations and rules of the SGX-ST as may for the time being be applicable, be and is hereby authorised and approved generally and unconditionally (the &ldquo Share Buyback Mandate&rdquo )

 

(b) unless varied or revoked by the Company in general meeting, the authority conferred on the Directors of the Company pursuant to the Share Buyback Mandate may be exercised by the Directors at any time and from time to time during the period commencing from the date of the passing of this Resolution and expiring on the earliest of:

(i) the date on which the next annual general meeting of the Company is held

(ii) the date by which the next annual general meeting of the Company is required by law to be held and

(iii) the date on which purchases and acquisitions of Shares pursuant to the Share Buyback

 

Mandate are carried out to the full extent mandated

(c) in this Resolution:

 

&ldquo Average Closing Price&rdquo means the average of the closing market prices of the Shares over the last five (5) Market Days on which transactions in the Shares were recorded, immediately preceding the date of the Market Purchase by the Company or, as the case may be, the date of the making of the offer pursuant to the Off-Market Purchase, and deemed to be adjusted in accordance with the Listing Manual for any corporate action which occurs during the relevant period of five (5) Market Days and the day on which the Market Purchase is made or, as the case may be, the date of the making of the offer pursuant to the Off-Market Purchase &ldquo date of the making of the offer&rdquo means the date on which the Company announces its intention to make an offer for an Off-Market Purchase, stating therein the purchase price (which shall not be more than the Maximum Price for an Off-Market Purchase calculated on the foregoing basis) for each Share and the relevant terms of the equal access scheme for effecting the Off-Market Purchase &ldquo Market Day&rdquo means a day on which the SGX-ST is open for trading in securities &ldquo Maximum Percentage&rdquo means that number of issued Shares representing 10% of the issued Shares of the Company as at the date of the passing of this Resolution (excluding

treasury shares and subsidiary holdings (as defined in the Listing Manual of the SGX-ST))

and &ldquo Maximum Price&rdquo in relation to a Share to be purchased or acquired, means the purchase price (excluding related brokerage, commission, applicable goods and services tax, stamp duties, clearance fees and other related expenses) which shall not exceed:

(i) in the case of a Market Purchase, 105% of the Average Closing Price of the Shares and

(ii) in the case of an Off-Market Purchase, 120% of the Average Closing Price of the

Shares and

(d) any director of the Company (&ldquo Director&rdquo ), or where required, any two Directors, be and is/are hereby authorised on behalf of the Company to perform all acts, matters or things (including executing all such documents as may be required) deemed by him/her/them to be necessary, desirable, incidental to, ancillary to or expedient in connection with the transactions contemplated and/or authorised by this Resolution.