Kangda International Environmental Company Ltd. (Kangda Env) has called an extraordinary general meeting (EGM) for 17 September 2026 to approve a conditional grant of 115.00 million share options—equal to 4.98% of the company’s outstanding share capital—to Executive Director and Chairman Du Lindong.

Key terms • Date of grant: 4 May 2026 • Exercise price: HK$0.73 per share, marginally above the HK$0.72 closing price on the grant date and above par value of HK$0.01. • Vesting: three tranches—46.00 million options on 1 April 2027, 34.50 million on 1 April 2028, and 34.50 million on 1 April 2029. Each tranche carries a one-year exercise window after vesting. • Consideration on acceptance: HK$1.00 in total. • Dilution: Full exercise would raise the issued share base to 2.42 billion shares from 2.31 billion.

Performance conditions All tranches require the company to hit minimum market-capitalisation thresholds plus at least one of three additional financial or operational metrics.

Mandatory market-capitalisation targets – ≥HK$2.50 billion at 31 Dec 2026 – ≥HK$3.75 billion at 31 Dec 2027 – ≥HK$5.63 billion at 31 Dec 2028

Additional vesting metrics (assessed independently per tranche) 1. Net profit: RMB268.00 million, RMB300.00 million and RMB348.00 million for FY 2026-2028, respectively. 2. Gearing ratio: ≤65.2%, ≤64.2% and ≤63.2% at each year-end. 3. Operational target: at least three wastewater-treatment project disposal contracts signed each year.

Catch-up features allow unvested options from earlier tranches to vest if targets are met in subsequent years.

Plan capacity Post-approval, 53.74% of the scheme’s mandate limit will be utilised, leaving 98.97 million options available for future grants.

Governance and timeline • Independent non-executive directors have endorsed the proposal. • Because the grant exceeds 1% of issued share capital within a 12-month period, independent shareholder approval is required under Hong Kong listing rules. • Du Lindong and his associates will abstain from voting. • Shareholders must be on the register by 11 September 2026; the register closes 14-17 September.

If all performance hurdles are cleared, the intrinsic value of the options—based on the respective market-capitalisation thresholds—totals approximately HK$106.10 million, while the company would receive HK$84.00 million in exercise proceeds.

Background on grantee Du Lindong, appointed Chairman in February 2026, has more than 25 years of experience in investment and finance, including prior chief-executive roles at China Water Affairs Group and China Financial International Investments.

No claw-back provisions apply; however, unexercised options lapse under standard scheme rules, and shares acquired on exercise are subject to a director-lock-up until six months after Du ceases to serve on the board.